Tuesday, October 24, 2006

The Chief Executives' Confidence signals deep trouble ahead

hier noch andere/more relevante umfragen zu ceo´s und cf0´s.
http://immobilienblasen.blogspot.com/2006/09/us-ceos-downbeat-on-economic-outlook.html
http://immobilienblasen.blogspot.com/2006/09/cfo-confidence.html

The Chief Executives' Confidence Measure Fell to 44 in the Third Quarter
http://www.conference-board.org/economics/indicatorsExpectations.cfm

The Chief Executives' Confidence Measure, which had fallen to 50 in the second quarter of 2006, fell to 44 in the third quarter, The Conference Board reports in its latest survey of CEOs. A reading of more than 50 points reflects more positive than negative responses. The survey includes about 100 business leaders in a wide range of industries. This is the first time the Measure has dipped below 50 in nearly five years, when it was at 40 in the final quarter of 2001.

Says Lynn Franco, Director of The Conference Board Consumer Research Center: "The lack of confidence expressed by CEOs is a result of the recent slowdown in economic growth, combined with expectations that this lackluster pace of growth will carry over into the beginning months of 2007." (klar zu sehen an wall street.../ as we all can see day by day on wall streeet.....)

CEOs' assessment of current conditions weakened further in the third quarter. Now, only 16 percent of CEOs claim the current economic environment is better, down from about 27 percent in the second quarter. In assessing their own industries, business leaders were less upbeat. Approximately 28 percent say conditions are better, compared to 40 percent in the last quarter.

CEOs are also less optimistic about the short-term outlook. Now, only 16 percent of business leaders expect economic conditions to improve in the coming months, down from 21 percent last quarter. Expectations for their own industries were also less positive, with 20 percent anticipating an improvement, down from 31 percent last quarter.

Moderate Changes in Capital Spending Plans
Some 28 percent of business executives report increases in their companies' capital spending plans since January of this year, while only 9 percent have scaled plans back, based on a supplementary question asked each year in the third quarter. This is a moderate change from the 2005 survey, when 34 percent of chief executives had increased their capital spending plans and 12 percent had made cuts. Among the reasons given for increasing capital investment plans, the most common was an increase in sales volume. A decline in sales volume was the most cited reason for a decrease in spending plans.

after reading this upbeat news i can understand why the dow is at a new high......
nachdem man das liest erklärt sich das neue hoch beim dow wie von selbst, oder.......?


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