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Survey: CEO confidence holds steady

July 12, 2010

The Conference Board's measure of CEO confidence held steady at a reading of 62 in the second quarter -- unchanged from the first quarter.

"CEOs' confidence held steady in the second quarter and expectations signal no change in the pace of economic growth in the coming months," said Lynn Franco, director of The Conference Board Consumer Research Center. "The outlook for corporate profits remains optimistic, with almost half saying market/demand growth will be the principal driving force."

According to the measure's second-quarter survey, 48% of CEOs expect economic conditions to improve in the next six months, down from 52% in the first-quarter survey. However, 43% of CEOs in the second-quarter survey said they expect improvement in their own industries. That compares with 42% in the first-quarter survey.