CEO confidence edged down in the second quarter after posting an increase in the first quarter. The Conference Board’s and PwC Network’s measure of CEO confidence fell to a level of 62 in the second quarter from 63 in the first quarter.

“CEOs are slightly less confident than in Q1, as both their assessment of current and expected conditions edged down,” said Lynn Franco, director of economic indicators at The Conference Board. “However, four out of every five expect profits will increase over the coming year, with market/demand growth the primary driving force.”