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Surging Confidence Among European Business Leaders Despite Strains on Supply Chains
May 19, 2021 | Article
The Conference Board Measure of CEO Confidence™ for Europe by the European Round Table for Industry (ERT) (H1 2021)
CEOs and chairs of Europe’s largest companies are increasingly optimistic about economic and business prospects for the remainder of 2021. Based on a semiannual survey of over 50 top firms, The Conference Board Measure of CEO Confidence™ for the European Round Table for Industry (ERT) stands at 77 for the first half of 2021 (H1 2021)—up from 61 in H2 2020, and just 34 in H1 2020, the nadir of the pandemic one year ago. (A score above 50 points reflects more positive than negative responses.) Sentiment regarding expectations for the economy over the next six months is the main driver behind this improvement. Europe’s sky-high confidence matches the latest readings from our Measure of CEO Confidence™ for the US.
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