Each quarter, Vistage surveys members that are CEOs of small to mid-sized businesses to produce the CEO Confidence Index. Started in 2003, the Vistage CEO Confidence Index has grown to be the largest and most comprehensive report of opinions and projections from CEOs of small and mid-size businesses in the U.S.
U.S. small and mid-sized businesses represent the most vital sector of the nation’s economy, creating 75% of all new jobs and generating 50% of all national revenue. The opinions of leaders of these businesses provide a clear snapshot of current economic, market and industry trends and demonstrate their plans for growth over the next 12 months.
Pennsylvania Q2 2018 CEO Confidence Index: This report represents a comparison of data from 1,467 respondents specific to the Pennsylvania area. Key insights from comparing this local data to national data include:
- 36% of CEOs expect the economy to improve in the year ahead (vs. 32% nationally)
- 56% of CEOs expect rising profits in the year ahead (vs. 62% nationally)
- 62% of CEOs plan to expand their workforce in the next year (vs. 61% nationally)