TEC CEO Confidence Index forecasting for your business
The Executive Connection Confidence Index is a quarterly survey measuring the confidence of Australian business leaders of small-to-medium businesses. The results provide insight into the challenges and opportunities faced by leaders and their confidence in the Australian business environment. The Confidence Index Quarter 2, 2017 was conducted in June 2017, with 188 Australian chief executives and business owners participating in the research.
The opinions of these business leaders provides a clear snapshot of the current economic, market and industry trends and demonstrate growth over the next 12 months.
CEO confidence rules as businesses enter FY2018
Australian CEOs of small-to-medium enterprises are confident about the economy and their businesses as they enter FY2018. Global and domestic political turbulence is not hampering business leaders’ positive economic outlook, with 82 per cent expecting economic conditions in Australia to stay the same or improve over the next 12 months.
This positive outlook extends to business growth in FY2018, with 78 per cent of CEOs anticipating an increase in sales revenue in the year ahead. Interestingly, this sales growth is not expected to come off the back of price increases, with just one third of businesses planning to put their prices up during the next 12 months. Instead, the majority of Australian businesses (52 per cent) cite new products or services as the centrepiece of their growth plan. Read the full report
For an international perspective view The Vistage CEO Confidence Index which has been a proven predictor of GDP, two quarters in advance in the US.