Chief Executive is a USA magazine covering Business Management. Chief Executive magazine conveys the full range of the CEO experience: the corporate challenges, as well as the personal pressures and satisfactions that come with the most demanding job in business. Founded in 1977, the magazine is written strictly for CEOs and their peers. This magazine is owned by The Chief Executive Group, L.P.. The web site is presented in the English language.
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Mondo Times editors Boulder, Colorado USA | Posted at 10:51pm on Wednesday, August 12th, 2009 | Chief Executive magazine's CEO Index, the nation's only monthly CEO Index, dropped to 63 in July 2009, after showing gradual improvement. All components of the index are down, with Employment Confidence taking the largest hit.
February saw the lowest ebb of the overall CEO Confidence Index at 39.2 increasing to a peak in May of 75.7. Almost nine in ten leaders (88.8 percent) rated the Current Conditions Index as bad, an increase from June (86.3 percent) and May (81.6 percent).
What's worse is that pessimism over employment is reaching new heights. The Employment Confidence Index declined 25 percent with 57 percent of CEOs expecting continued decrease in employment next quarter. Over 95 percent rate the current employment environment as bad -- the highest level for 2009. Less than 5 percent think employment conditions are normal and virtually no one (0.4 percent) thinks they are good.
The Capital Spending Index shows a majority of business leaders think capital spending will hold over the next quarter while a sizeable minority (39 percent) expect capital spending to drop. "We're currently treading water," commented one respondent. "Once the federal stimulus dollars stop (our life preserver), we'll sink to the bottom from exhaustion. It would happen anyway. The government is only delaying the inevitable. We need to go through the pain before we can get on the road to recovery."
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