Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Knighty Tin who wrote (13385)	10/13/2004 12:35:48 PM
From: mishedlo	of 116555

CEO confidence falls in Q3; second straight decline Wednesday, October 13, 2004 4:12:34 PM afxpress.com WASHINGTON (AFX) -- The nation's chief executives are less confident about the U.S. economy in the third quarter compared to the prior three months, according to a survey released Wednesday by the Conference Board. The survey, which asks a range of questions to nearly 100 chief executives in a wide range of industries, showed a decline to 63 from 70 in the second quarter. It's the second consecutive quarterly decline. A reading above 50 indicates more positive than negative responses "CEO confidence has slipped considerably over the past two quarters, as both current conditions and expectations have softened," said Lynn Franco, director of the Conference Board's Consumer Research Center. The Conference Board said roughly two-thirds of chief executives think current economic conditions have improved from the prior quarter, down from 90 percent in the second quarter And future prospects have weakened, the chief executives think. Roughly 55 percent of CEOs see better economic conditions in the next six months, down from 64 percent in the second quarter

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