The Conference Board uses cookies to improve our website, enhance your experience, and deliver relevant messages and offers about our products. Detailed information on the use of cookies on this site is provided in our cookie policy. For more information on how The Conference Board collects and uses personal data, please visit our privacy policy. By continuing to use this Site or by clicking "OK", you consent to the use of cookies. 

The Conference Board Measure of CEO Confidence™ is a barometer of the health of the US economy from the perspective of US chief executives. The Measure of CEO Confidence™ is based on CEOs' perceptions of current and expected business and industry conditions.
The survey also gauges CEOs' expectations about future actions their companies plan on taking in four key areas: capital spending, employment, recruiting, and wages.

Download Additional Assets

CEO Confidence Increased Slightly in Q2 2024

Latest Press Release

Updated: Thursday, May 9, 2024

Cautious optimism continues to prevail among CEOs

The Conference Board Measure of CEO Confidence™ in collaboration with The Business Council rose to 54 in Q2 2024, up from 53 in the previous quarter. This marks the second consecutive quarter in which the Measure is above 50, indicating that CEOs are cautiously optimistic following two years of gloom. (A reading above 50 reflects more positive than negative responses.) A total of 136 CEOs participated in the Q2 survey, which was fielded from April 15 through 29. 

“CEOs’ views about the economy have shifted from six months ago,” said Roger W. Ferguson, Jr., Vice Chairman of The Business Council and Trustee of The Conference Board. “Recession fears have faded considerably: Only 35% of CEOs surveyed in April anticipate a recession within the next 12 to 18 months, down from 72% in Q4 2023. Nonetheless, CEOs remain only cautiously optimistic. Expectations for the economy six-months ahead were a tad worse compared to Q1, with fewer CEOs saying conditions will be ‘much better’ or ‘better’ and more saying conditions will be the ‘same.’ Regarding expectations for their own industries, fewer CEOs expect conditions to worsen, while 46% think conditions will be the ‘same.’”

“CEOs remain cautious for the year ahead,” said Dana M. Peterson, Chief Economist of The Conference Board. “Fewer CEOs say they expect to have difficulty finding qualified workers. Nonetheless, persistent concerns about labor shortages are still prompting many CEOs to anticipate the need to retain workers. This labor hoarding comes at the cost of higher input costs, as most firms anticipate raising wages by more than 3% over the next twelve months. CEOs continue to indicate no revisions to their capital spending plans, suggesting that what was set in motion months ago is still on course. Regarding monetary policy, expectations for the number of interest rate cuts in 2024 were mixed, with 26% expecting two cuts, 38% anticipating one, and 31% saying none. Concerning top risks to their own industries, CEOs ranked cyber risks first, followed by geopolitical instability, and legal and regulatory uncertainty.”  

Current Conditions

CEOs’ assessment of general economic conditions was, on balance, more positive in Q2:

  • 16% said economic conditions were worse, down from 22% in Q1.
  • Still, 30% of CEOs said economic conditions were better than six months ago, down from 32% last quarter.

CEOs assessed conditions in their own industries to be about the same in Q2 as in Q1:

  • 30% of CEOs said conditions in their industries were better compared to six months ago, down from 31%.
  • 26% said conditions in their own industries were worse, up from 25%.

Future Conditions

CEOs’ expectations about the short-term economic outlook weakened in Q2:

  • 30% of CEOs expect economic conditions to improve over the next six months, down from 36% in Q1.
  • 26% expect conditions to worsen, up from 27%.

CEOs’ expectations for short-term prospects in their own industries were a bit more optimistic in Q2:

  • Only 15% expect conditions to worsen, down from 20% in Q1.
  • But 38% of CEOs expect conditions in their own industry to improve over the next six months, down from 39%.

Employment, Recruiting, Wages, and Capital Spending

  • Employment: 33% of CEOs expect to expand their workforce over the next 12 months, down slightly from 35% in Q1. Meanwhile, 21% of CEOs expect a reduction in their workforce, down from 23%.
  • Hiring Qualified People: 31% of CEOs report some problems attracting qualified workers, but only in key areas, unchanged from last quarter. Only 12% report serious and/or widespread problems attracting qualified workers, down from 15% in Q1.
  • Wages: 75% of CEOs expect to increase wages by 3% or more over the next year, up from 72% in Q1.
  • Capital Spending: Most CEOs are not planning to revise capital spending plans (64%). But 21% of CEOs expect their capital budgets to increase over the next year, down from 28% last quarter.

US Recession:

Most US CEOs no longer anticipate a recession in the coming year.

Interest Rates:

In the April survey, CEOs expected the Fed to implement two or fewer interest rate cuts.

Industry Risks:

Among risks impacting their industries, CEOs ranked cyber at the top of the list, followed by geopolitical instability, and legal and regulatory uncertainty.

About The Conference Board

The Conference Board is the member-driven think tank that delivers Trusted Insights for What’s Ahead™. Founded in 1916, we are a non-partisan, not-for-profit entity holding 501 (c) (3) tax-exempt status in the United States.

About The Business Council

The Business Council is a forum for the CEOs of the world’s largest multinational corporations across all industry sectors. Members gather several times each year to share best practices, network and engage in intellectually provocative, enlightening discussions with peers and thought-leaders in business, government, academia, science, technology and other disciplines. Through the medium of discussion, the Council seeks to foster greater understanding of the major opportunities and challenges facing business, and to create consensus for solutions. The Business Council is a non-partisan, not-for-profit entity holding 501 (c) (6) tax-exempt status. The Business Council does not lobby. Visit The Business Council’s website at

For further information contact:

Joseph Diblasi
1 781 308 7935

Related Content

Connect and be informed about this topic through webcasts, virtual events and conferences

Press Releases / In the News


CEO Confidence Improved in Q1 2024

February 08, 2024


CEO Confidence Dips in Q4

October 12, 2023


CEO Confidence Improves in Q3

August 03, 2023


CEO Confidence Ticked Down Slightly in Q2

May 04, 2023

Data central

Subscribe to Access Data Central & Chart Reports

Your centralized, one-stop portal for accessing and exporting The Conference Board global suite of monthly and quarterly economic data. Get up to speed on critical trends—anytime, anywhere—with customizable real-time datasets.

Economic Indicator Calendar

All release times displayed are Eastern Time

Global Economic Indicators

Learn more Yellow and white frame illustration

Explore More on this Topic


Webcasts, Podcasts and Videos