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24 May, 2023
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The Conference Board Measure of CEO Confidence™ for Europe by ERT has returned into positive territory in the first half of 2023 from the extreme lows seen six months ago. It currently stands at 53, up from 24 in the second half of 2022, when confidence hit an all-time low. A reading above 50 reflects more positive than negative responses. A mildly positive perception of current economic conditions as compared to last autumn and somewhat more optimistic expectations for their own industry over the next six months were the primary drivers of the measure’s improvement.
However, the starkest finding of our H1 2023 survey is that more than 80 percent of CEOs believe Europe’s competitiveness as a base for industry is weakening.
