Economic confidence of Main Street CEOs on the rise?
Following months of bleak economic outlooks, Main Street CEOs feel the recession has finally bottomed out and the end is in sight, according to a survey. The Q1 2009 Vistage CEO Confidence Index rose to 60.6 this quarter from 48.7 last quarter, largely due to expectations that economic conditions will improve. Every component recorded gains over the prior quarter’s survey. Although this was the largest quarterly gain the index has seen in the last six years, it still left the Confidence Index at its second lowest quarterly reading in the survey’s history.