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CHARTS

CEO Confidence Buoyed by Improvements in the Economy

Consumer Confidence Au Index

The Conference Board Measure of CEO Confidence™ in collaboration with The Business Council rose sharply in the final month of Q3 to the highest level recorded since Q1 2018. The measure stands at 64, up from 45. (A reading above 50 reflects more positive than negative responses.) While CEOs’ future expectations about the economy (orange line) and their own industries (green line) rose above the critical 50 point in Q2 2020, their assessment of current economic conditions (blue line) had remained poor until just recently. This component of the headline index improved markedly in September, in tandem with the lower COVID-19 transmission rates and steadily improving economic indicators that month.

Looking ahead, hiring plans have cooled, and the potential for layoffs remains, with one-third of CEOs saying they anticipate reducing their workforce over the next 12 months. However, they also reported that their plans for future capital spending have improved significantly. Finally, when asked what the most important long-term impact of the pandemic would be on their business, more than eight out of ten CEOs cited acceleration of digital transformation.

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Our Experts

Thought leaders who provide trusted insights for navigating companies and the economy though COVID-19.

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Bart van Ark

Senior Advisor

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Lynn Franco

Director, Economic Indicators and Surveys

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Ataman Ozyildirim

Senior Director, Economics and Global Research Chair

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Matteo Tonello

Managing Director, Environmental, Social, and Governance (ESG)

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Gad Levanon, PhD

Vice President, Labor Markets

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David Hoffman

Senior Vice President Asia and Managing Director of the China Center for Economics & Business

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Rebecca L. Ray, PhD

Executive Vice President, Human Capital

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Anke Schrader

Research Director, the China Center for Economics and Business

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Amy Lui Abel, PhD

Vice President, Human Capital Research

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Thomas Singer

Principal Researcher

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Dr. Uwe G. Schulte

Leader, Global Sustainability Centre and Program Director

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Paul Washington

Executive Director, ESG Center

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Ilaria Maselli

Senior Economist

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Amanda Popiela

Researcher, Human Capital

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Elizabeth Crofoot

Senior Economist, Labor Markets

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John Forsyth

Leader of the Consumer Dynamics Institute

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Cindy Cisneros

Vice President of Education Programs

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Steve Odland

President and CEO

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Jeff Hoffman

Institute Leader, Corporate Citizenship & Philanthropy, ESG Center

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Joseph J. Minarik

Senior Vice President and Director of Research

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Erik Lundh

Senior Economist

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Robin Erickson, PhD

Principal Researcher

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JP Kuehlwein

Marketing Institute Leader

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Denise Dahlhoff, PhD

Senior Researcher, Consumer Research

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Laura Sabattini, PhD

Principal Researcher, Human Capital

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Robert Schwarz

Senior Researcher, ESG Center

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Chiqui Cartagena

Chief Marketing Officer & Center Leader, Marketing & Communications

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Dr. Mahdy Al Jazzaf

Executive Director

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Devin O’Connor

Deputy Director, Economic Research

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