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CEO confidence edges up

July 10 2008

The Conference Board's measure of CEO confidence rose one point to 39 in the second quarter from 38 in the first quarter.

Less than 7% of CEOs said economic conditions had improved, according to The Conference Board's survey, but that's up from 3% in the first quarter. Twenty-four percent of CEOs expected economic conditions to improve in the next six months, up from 20% in the first quarter.

"CEOs continue to rate current economic conditions as unfavorable, and their short-term expectations suggest this slow growth environment will exist for the remainder of the year," said Lynn Franco, director of The Conference Board's consumer research center.

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