(MENAFN Editorial) NEW YORK, Jan. 4, 2018 /PRNewswire/ -- The Conference Board Measure of CEO Confidence™, which declined in the third quarter, bounced back in the fourth quarter of 2017. The Measure now reads 63, up from 59 in the third quarter (a reading of more than 50 points reflects more positive than negative responses).

"CEO confidence rebounded in the final quarter of 2017, following back-to-back quarterly declines," said Lynn Franco, Director of Economic Indicators at The Conference Board. "CEOs' short-term expectations for growth in both mature and emerging markets also improved, and they expressed the greatest optimism about short-term prospects in the U.S. In 2018, CEOs anticipate hiking prices by 2.1 percent, up from 1.3 percent last year."

CEOs' assessment of current economic conditions improved considerably. Currently, 71 percent say conditions are better compared to six months ago, up from 56 percent in the third quarter. However, CEOs are moderately less optimistic in their appraisal of current conditions in their own industries. Now, 49 percent say conditions in their own industries have improved, down from 53 percent last quarter.

Looking ahead, CEOs' expectations regarding the short-term outlook was significantly better. Now, 47 percent expect economic conditions to improve over the next six months, compared to just 39 percent last quarter. CEOs were also more upbeat about short-term prospects in their own industries over the next six months, with 41 percent anticipating conditions will improve, versus 36 percent in the third quarter of 2017.

Global Outlook
CEOs' assessment of current conditions for China, Brazil and the United States rebounded strongly, while their assessment of current conditions for Europe was unchanged, though still optimistic. CEOs' assessment of current conditions for India and Japan declined slightly, but remains in positive territory.

Looking ahead, CEOs are considerably more optimistic about short-term prospects for China, Brazil, the United States and Japan. Expectations for India increased marginally. The sentiment reading for Europe eased slightly, though CEOs remain upbeat.

Prices Projected to Rise in 2018
The majority of chief executives expect changes in their firms' selling prices in 2018 — with about six out of ten CEOs anticipating price increases of less than 4 percent, and about 18 percent expecting increases in excess of 4 percent. On average, firms plan to hike prices by 2.1 percent, up from 1.3 percent last year, based on a supplementary question asked annually. About 7 percent plan decreases in selling prices, and 14 percent foresee no change.

Results are from surveys fielded from mid-November to mid-December 2017
Source: CEO Confidence Survey 4th Quarter 2017
The Conference Board

About The Conference Board
The Conference Board is a global, independent business membershipand research association working in the public interest. Our mission is unique: To provide the world's leading organizationswith the practical knowledge they need to improve their performance and better serve society. The Conference Board is a non-advocacy, not-for-profit entity holding 501 (c) (3) tax-exempt status in the United States.

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