Q1 2016 Vistage CEO Confidence Index

vistage survey

The 1st Quarter, 2016 Vistage Confidence Index is now available.

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Below are some key highlights:

  • 54% of CEOs plan to expand their workforce in the year ahead.
  • 32% of CEOs said the single most important issue they faced was finding, training, and retaining employees.
  • 41% of CEOs plan to increase spending in new plant and equipment, the lowest level in three years.
  • 70% of CEOs expect increased revenues in the year ahead, and 55% of CEOs expect increased profits.
  • 41% of CEOs said they do not feel that they are prepared for a cyber-attack.

CEOs expressed greater concerns about the outlook for the domestic economy but remained upbeat about their own firm’s prospects in the Q1 2016 Vistage CEO Confidence Index survey. The Vistage CEO Confidence Index was 92.3 in the 1st quarter 2016 survey, down from 95.5 in the 4th quarter, and significantly below last year’s 105.8. Despite continuing economic and political uncertainty, more CEOs reported that finding, hiring, and retaining staff is the most significant business challenge they now face. With a tighter labor market, higher wages and benefits to secure key personnel may be needed. Given the still weak global economy as well as the sharply different economic policies favored by the presidential candidates, smaller firms have remained the engine of economic growth.

For more details see the full results.

About the index: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 are analyzed by University of Michigan’s Dr. Richard Curtin, who also oversees the U.S. Consumer Sentiment Index.
  • Curtin has determined that since 2003, the Vistage CEO Confidence Index has served as a reliable harbinger for changes in GDP and employment. Here is a summary of the results.

 

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