While CEOs across various industries saw a boost in confidence between April and June, the same uplift was not witnessed among the top leaders in the manufacturing sector, as per a recent global C-suite survey. The recurring survey, carried out by the CEOWORLD magazine, gathered responses from 500 C-suite executives in June. Among the respondents, 10 percent were from manufacturing companies. If you are interested in participating in future global C-suite surveys. Please join here.
In June, the survey revealed that 24.5 percent of CEOs rated their outlook as “very positive,” equating to a score of 10 out of 10. This figure represents an increase from the 9.4 percent of CEOs who held this view in April. Additionally, 41.6 percent of CEOs assigned their outlook a score of 8 or 9 out of 10, a rise from the 38.3 percent who expressed the same sentiment in April.
Nonetheless, the narrative changes when focusing specifically on the responses from manufacturing leaders. In April, 41 percent of these leaders ranked their outlook between 8 and 10. By June, this percentage had decreased to 34 percent.
Twenty-one percent of manufacturing leaders placed their outlook in the lowest bracket, between 1 and 5; this pessimism was only surpassed in the “finance and insurance” services sector, where 23 percent of leaders registered low outlooks.
According to the report, manufacturing, healthcare, and retail sectors saw CEO confidence drop between April and June. Meanwhile, Wholesale trade; Construction; Accommodation and food services; and Utilities saw the highest gains.
Which of the following best describes your company’s industry?
| Rank | Industry | Percentage |
| 1 | Finance and Insurance | 11.2 |
| 2 | Manufacturing | 10 |
| 3 | Information Services | 9.5 |
| 4 | Other Services (except Public Administration) | 9.4 |
| 5 | Accommodation and Food Services | 6.8 |
| 6 | Professional, Scientific, and Technical Services | 6.4 |
| 7 | Real Estate and Rental and Leasing | 6.2 |
| 8 | Construction | 5.8 |
| 9 | Mining, Quarrying, and Oil and Gas Extraction | 4.8 |
| 10 | Health Care and Social Assistance | 4.3 |
| 11 | Management of Companies and Enterprises | 4.1 |
| 12 | Utilities | 3.7 |
| 13 | Educational Services | 3.4 |
| 14 | Administrative and Support and Waste Management and Remediation Services | 2.8 |
| 15 | Wholesale Trade | 2.4 |
| 16 | Retail Trade | 2.1 |
| 17 | Public Administration | 2.1 |
| 18 | Transportation and Warehousing | 1.8 |
| 19 | Agriculture, Forestry, Fishing, and Hunting | 1.6 |
| 20 | Arts, Entertainment, and Recreation | 1.6 |
What best describes your title?
- Chief executive officer: 15.2%
- Chairman: 4.6%
- Director: 28.6%
- Divisional President: 3.2%
- Managing Partner: 6.2%
- President: 5.6%
- Vice President: 14.7%
- Owner: 5.4%
- Other C-Level Executive: 16.5%
In which revenue size range was your company last year?
| $5 million to $9.9 million | 9.6 | |||
| $10 million to $24.9 million | 9.4 | |||
| $25 million to $49.9 million | 11.2 | |||
| $50 million to $99.9 million | 12.8 | |||
| $100 million to $249.9 million | 14.6 | |||
| $250 million to $499.9 million | 8.6 | |||
| $500 million to $999.9 million | 10.5 | |||
| $1 Billion or more | 20.5 | |||
| Not sure/Decline to say | 2.8 |
What is your company’s total number of employees (full-time equivalents)?
| Less than 50 | 6.8 |
| 50 to 99 | 5.3 |
| 100 to 499 | 14.3 |
| 500 to 999 | 12.8 |
| 1,000 to 2,499 | 16.5 |
| 2,500 to 4,999 | 19.5 |
| 5,000 or more | 20.6 |
| Unsure/unable to determine | 4.2 |
If you are interested in participating in future global C-suite surveys. Please join here.
Add CEOWORLD magazine to your Google News feed.
Follow CEOWORLD magazine headlines on: Google News, LinkedIn, Twitter, and Facebook.
Copyright 2024 The CEOWORLD magazine. All rights reserved. This material (and any extract from it) must not be copied, redistributed or placed on any website, without CEOWORLD magazine' prior written consent. For media queries, please contact: info@ceoworld.biz
