Confidence among the nation’s top CEOs saw the biggest quarter-over-quarter drop in 7 years as well as hit a level not seen since the 4th quarter of 2016, according to a closely-watched survey by the Business Roundtable.
Why the idea matters: Corporate America’s level of optimism has dramatically receded through the levels when President Trump took office. Amid heightened trade war uncertainty, CEOs have downgraded expectations for hiring, capital spending as well as sales growth — potentially exacerbating fears that will the record economic expansion could be coming to an end.
, http://feedproxy.google.com/~r/DrudgeReportFeed/~3/nwHSKmG0HSE/ceo-confidence-trade-war-uncertainty-319fb6a7-0f43-4928-a9cb-f08a3a9aa6a8.html, 19 September 2019 | 4:28 am
Source : Economic optimism among CEOs hit the lowest level since 2016 – Axios