CEO confidence was up slightly in the third quarter, noting a slowing economic growth pace, but no evidence of a double dip recession, according to the Vistage CEO Confidence Index 3rd quarter results. Despite widespread recognition of the recent economic slowdown, CEOs were more confident in their firm’s ability to increase their revenues and profits in the year ahead. Yet, virtually every CEO (92%) expects rising employee health care costs, and 57% of all CEOs expect those cost increases to be more than 10%. Two-thirds of all CEOs said that without the extension of the Bush tax cuts their businesses would be harmed, and nearly half (46%) reported continued unfavorable credit market conditions. In response to a question about the upcoming elections, 62% of CEOs believe the Republicans will control the U.S. House of Representatives in January 2011.
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