The global C-suite survey: Manufacturing CEOs are losing confidence

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?

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?

What is your company’s total number of employees (full-time equivalents)?

If you are interested in participating in future global C-suite surveys. Please join here.

This report/news/ranking/statistics has been prepared only for general guidance on matters of interest and does not constitute professional advice. You should not act upon the information contained in this publication without obtaining specific professional advice. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this publication, and, to the extent permitted by law, CEOWORLD magazine does not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it.

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