Economic confidence among U.S. chief executive officers remained steady last quarter despite the tumultuous nature of the U.S. presidential election. U.S. CEO optimism was in lockstep with the global composite of chief executives, according to the latest YPO Global Pulse survey.
Despite the changes coming to Washington next year, U.S. business leaders remain upbeat about 2017 — nearly half of those surveyed expect the current economic climate to hold steady for at least the first half of the year and a third anticipate an improved environment.
The quarterly survey was conducted in early October, and it is unclear if the announcement by the FBI to review new emails related to Democratic candidate Hillary Clinton has put some chief executives on edge.
Small-business owners were the most bullish on the future economy, with 67 percent of respondents expecting increased revenue in the next 12 months versus their large firm counterparts, 55 percent of whom are expecting a boost in revenue.
"Despite uncertainty due to the U.S. presidential campaign, it's encouraging that business leaders remain optimistic about prospects for growth," said Steve Grubbs, founder of Victory Enterprises and regional communications officer for YPO's Central U.S. Region.