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NEW YORK, Feb. 18, 2021 /PRNewswire/ The Conference Board
Measure of CEO Confidence™ in collaboration with The Business Council improved further in the first quarter of 2021, following a sharp increase in the previous survey, conducted in September 2020. The measure now stands at 73, up from 64. This marks the highest level of CEO confidence since Q1 2004, when the measure stood at 74. (A reading above 50 points reflects more positive than negative responses.)
The outlook for employees wages has improved, while the potential for layoffs has receded. In Q1, 36 percent of CEOs foresaw increasing their employees wages by more than 3 percent over the next 12 months, compared with 22 percent in the previous survey. Moreover, just 12 percent CEOs said they anticipated reducing their workforce over the next 12 months, down from 34 percent. Talent shortages appear to be slowly reemerging: In Q1, business leaders reporting some trouble attracting qualified
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