Vistage 3rd Qtr CEO Confidence Index
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VISTAGE CEO CONFIDENCE INDEX, Q3 2013
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Nearly 1,500 Vistage members surveyed in the Q3 2013 Vistage CEO Confidence Index held optimistic views about the overall economy and their own firms. Despite debates about federal spending and the debt ceiling (the survey was conducted prior to the Fed’s recent surprise announcement), firms expressed confidence that their prospects would improve in the year ahead. Below are some key highlights from the survey: 54% of all CEOs expected their firm’s profitability to improve. This is the highest figure recorded since the start of 2012. 71% of all CEOs anticipated higher sales revenues, up from 66% a year ago. 46% of CEOs believe economic conditions in the US have improved compared with a year ago, while only 30% believe conditions will improve in the next year.
Transcript of Vistage 3rd Qtr CEO Confidence Index
VISTAGE CEO
CONFIDENCE INDEX,
Q3 2013
Founded in 1957, Vistage is the world’s leading provider of private advisory boards to CEOs, executives and business owners.
• Vistage has 17,000 members and operates in 15 countries
• Headquartered in San Diego, CA
• 160 employees
• 700 Vistage Chairs worldwide
• 800 Vistage speakers
Collectively, Vistage member companies represent more than $250 billion in revenues and 1.5 million employees in the U.S. alone.
Vistage at a glance
Overview • The nation’s largest and most
comprehensive report of the opinions and projections of small-to-medium sized business CEOs about the U.S. economy.
• Conducted quarterly and typically includes between 1,500 and 2,000 CEO respondents from across the country.
• Results analyzed by University of Michigan’s Dr. Richard Curtin, who also oversees the U.S. Consumer Sentiment Index.
Dr. Curtin has determined that since 2003, the Vistage CEO Confidence Index has served as a reliable harbinger for changes in GDP and employment.
Vistage CEO Confidence Index
The Vistage CEO Confidence Index was 97.8 in the 3rd quarter 2013 survey, just above the 96.7 in the 2nd quarter survey but substantially above the 89.0 recorded in last year’s 3rd quarter.
Survey of 1,488 CEOs of small and medium sized businesses, September 9-18, 2013
71% 73%54%54% of all CEOs expected their firm’s profitability to improve. This is the highest figure recorded since the start of 2012.
71% of all CEOs anticipated higher sales revenues, up from 68% last quarter and 66% a year ago.
73% of CEOs believe that Congress must enact a dollar of spending cuts for every dollar used to increase the debt ceiling.
Q2 2013 Highlights
40% of CEOs said a proposal to raise the federal minimum wage to $9 or $10 an hour would have a negative impact on the growth of their business.
53% of all CEOs said the minimum wage hike would not have a significant impact on growth, perhaps due to the higher wages already paid to their employees.
68% of CEOs said the U.S. debt burden of $16.7 trillion has an impact on their business growth.
40% 53% 68%
Q2 2013 Highlights continued…
U.S. State City
Economy has improved in last year 46% xx% xx%
Economy will improve in next year 30% xx% xx%
Profitability will improve in next year 54% xx% xx%
Expect increase in revenues 71% xx% xx%
Plan to hire in next 12 months 54% xx% xx%
Small Business CEOs surveyed: United States—1,488 State - xxx; City - xx
Results in your market
Vistage Confidence Index and Year to Year Changes in GDP
GDP
2003
2003
2003
2003
2004
2004
2004
2004
2005
2005
2005
2005
2006
2006
2006
2006
2007
2007
2007
2007
2008
2008
2008
2008
2009
2009
2009
2009
2010
2010
2010
2010
2011
2011
2011
2011
2012
2012
2012
2012
2013
2013
2013
-6.0
-4.0
-2.0
0.0
2.0
4.0
6.0
40.0
60.0
80.0
100.0
120.0
Date of Survey
Index: 2003=100
Confidence
GDP
Vistage employment expectations index and year to year changes in employment.
2003
2003
2003
2003
2004
2004
2004
2004
2005
2005
2005
2005
2006
2006
2006
2006
2007
2007
2007
2007
2008
2008
2008
2008
2009
2009
2009
2009
2010
2010
2010
2010
2011
2011
2011
2011
2012
2012
2012
2012
2013
2013
2013
-5.50
-3.50
-1.50
0.50
2.50
90
100
110
120
130
140
150
160
Date of Survey
Employment Index (Up – Down + 100)
Employment
Employment Expectations
Employment(Y-Y %Change)
Questions?
