Frank Holmes on 2016 YPO Global Pulse Survey
The Young Presidents’ Organization, or YPO, is the global platform for chief executives to engage, learn and grow, and every year members are asked to share their thoughts on the economy in the YPO Global Pulse Survey. The survey asks the YPO member base of around 24,000 CEOs, located in more than 130 countries, questions related to the current and expected economic environment affecting their businesses.
YPO Gold member Frank Holmes shares his thoughts on the 2016 survey results, collected in the month of January. Frank says despite an economically slow fourth quarter in 2016 – U.S. GDP grew at a disappointing 1.9 percent – the 4.2-percent increase in confidence among CEOs in American companies makes them more optimistic now than they’ve been in nearly five years.
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The YPO Confidence Index is an indicator of YPO Members’ sentiment about the overall economic outlook. An index of 50 represents a neutral outlook: neither optimistic nor pessimistic. Indices below 50 indicate a more pessimistic outlook, while numbers above 50 indicate a more optimistic outlook. These numbers are not designed to be interpreted in isolation, but rather within the context of a trend line built by several quarters of YPO Confidence Index numbers.