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CEO Confidence Falls: Survey

Reuters (01/22/13) Ben Hirschler

Chief executive officers are less optimistic this year about short-term growth prospects for their companies than they were a year ago, according to a PricewaterhouseCoopers survey. Only 33% of U.S. CEOs are “very confident” about their company’s prospects for revenue growth in the next 12 months, a decline from 42% a year ago. This marked the second year in a row of falling confidence, and signals trouble on the hiring front. Fewer CEOs plan to recruit in 2013, and many plan to cut staff.