CEO Confidence Stays Low Despite Slight Uptick Since Iran War Began
Updated
Updated · Marketplace · Aug 6
CEO Confidence Stays Low Despite Slight Uptick Since Iran War Began
3 articles · Updated · Marketplace · Aug 6
Summary
The Conference Board’s latest survey showed CEOs only slightly more confident than they were just after the Iran war began, leaving overall sentiment toward the economy weak.
Iran-related disruption, including the Strait of Hormuz closure, has compounded earlier tariff shocks, Ukraine fallout, abnormal inflation and elevated borrowing costs, keeping supply chains unsettled.
CEOs say that uncertainty is delaying decisions on hiring, plant investment, equipment purchases and pricing because companies cannot reliably predict costs or demand.
Matthew Hassett, CEO of Loftie, said his confidence in the U.S. economy is at its lowest since 2008, underscoring how prolonged volatility is restraining business growth and hiring.