According to the monthly survey by ChiefExecutive.net, CEOs confidence in the economy is on a seven-month downward slide. A majority of those polled thought overall business conditions over the next year would be just below average, on a ten-point scale. Nearly 25% of CEOs responded that they expect their profits to drop and their capital expenditures to decrease as well.
Even so — most CEOs polled also are not expecting a serious downturn in conditions. From where they sit, it looks like another year of slow motion.