The YPO Global Pulse Index for the United States fell 3.4 points in the third quarter of 2011 to 57.7 as confidence weakened among the more than 1,000 U.S. CEOs responding to the survey. The quarterly electronic survey was conducted during the first two weeks of October.
This is the second consecutive decline and the first time the U.S. index has fallen in succeeding quarters since the Global Pulse index began in July 2009. The YPO Confidence Index is centered on 50, so a reading of 57.7 indicates that CEOs are moderately confident that the economy will expand over the next 12 months but less confident than they have been since July 2010.
The survey results were announced today by YPO (Young Presidents Organization), a not-for-profit global network of 19,000 chief executive officers. The YPO Global Pulse is the only CEO economic sentiment survey to span the globe on a quarterly basis, capturing answers from more than 2,000 CEOs representing companies of all sizes around the world.
Key findings
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