The Vistage CEO Confidence Index
Forecasting for your business
Vistage Malaysia has more than 1,200 members with combined annual revenue of RM80 billion and over 130,000 employees. Vistage member companies grow, on average, 2.2 times faster than they did prior to joining Vistage. Since 2003, the Vistage CEO Confidence Index has been providing, on a quarterly basis, a comprehensive report of the opinions and projections of more than 1,400 CEOs from small and medium companies. They will highlight the economy, their hiring and investment plans, as well as their revenue and profitability prospects.
The Vistage CEO Confidence Index has been a well-proven predictor of GDP, two quarters in advance.
In 4Q2005, Vistage Malaysia entered into a strategic alliance with the Malaysian Institute of Economic Research (MIER) to co-brand the CEO Confidence Index. MIER is an independent, private and non-profit organization focusing on economic, financial and business research that will benefit the government and private sector by providing an objective and impartial insights into socio-economic issues of national, regional and global importance.
- 3Q2021: CONFIDENCE SLUMPSCEOs are increasingly apprehensive over the state of the Malaysian economy as escalating cases of Covid-19 infections and tightening of containment measures to curb the spread of the virus weigh heavily on their confidence and prospects of their firms going forward. Reflecting this is the Vistage-MIER CEO Confidence Index (CCI) which tumbled 40.6 points quarter-on-quarter to 64.8 in 3Q2021, the lowest reading since 3Q2020.
- 2021 年第二季度: 信心回归尽管关闭国际边界与禁止跨州的举措仍然予以延续以遏制新冠肺炎疫情的蔓延, 首席执行官们现在看起来比一年前更具信心 。
- 2Q2021: CONFIDENCE RETURNSNotwithstanding the continued closure of international borders and restrictions on inter state travel to curb the spread of the Covid-19 pandemic, CEOs are looking more confident now than they did a year ago.
- 1Q2021: CONFIDENCE LACKING AMID IMPROVING SENTIMENTSCEOs kicked off 2021 in better mood, but remained in trepidation, as indicated by the latest Vistage MIER CEO Confidence Index which rose 11.7 points on the quarter to 77.
- 4Q2020: CONFIDENCE REMAINS IN REMISSIONCEOs are ending the year 2020 on a low note as the Covid-19 pandemic continues to impose unrelenting challenges on both the domestic and global economies, exerting incessant strain on businesses going forward.
- 4Q2019: SENTIMENTS WEAKEST IN THREE YEARSCEOs have grown even more cautious lately as global and domestic economic uncertainties continued to cloud both consumer and business sentiments, slowing business trajectories from hiring to investment going forward.
- 4Q2018: COOL SENTIMENTS2016 has been a challenging year for CEOs as lackluster global growth and geo-political developments impacted and will continue to pose downside risks to the Malaysian economy and their firms. Reflecting this is the latest Vistage-MIER CEO Confidence Index which, at 72.9, lost 5.3 points quarter-on-quarter, its twelfth consecutive stay below the 100-point threshold level of confidence. The lack of faith amongst the CEOs looks likely to continue into early 2017 as well, as CEOs brace for a more cautious and pragmatic outlook for their firms going forward.
- 4Q2017: SENTIMENTS IMPROVE FURTHER2016 has been a challenging year for CEOs as lackluster global growth and geo-political developments impacted and will continue to pose downside risks to the Malaysian economy and their firms. Reflecting this is the latest Vistage-MIER CEO Confidence Index which, at 72.9, lost 5.3 points quarter-on-quarter, its twelfth consecutive stay below the 100-point threshold level of confidence. The lack of faith amongst the CEOs looks likely to continue into early 2017 as well, as CEOs brace for a more cautious and pragmatic outlook for their firms going forward.
- 4Q2016: CONFIDENCE EBBS FURTHER2016 has been a challenging year for CEOs as lackluster global growth and geo-political developments impacted and will continue to pose downside risks to the Malaysian economy and their firms. Reflecting this is the latest Vistage-MIER CEO Confidence Index which, at 72.9, lost 5.3 points quarter-on-quarter, its twelfth consecutive stay below the 100-point threshold level of confidence. The lack of faith amongst the CEOs looks likely to continue into early 2017 as well, as CEOs brace for a more cautious and pragmatic outlook for their firms going forward.
- 4Q2015: CONFIDENCE REMAIN TENUOUSConfidence among CEOs continued to be muted as fragility in the domestic and global economies remained unabated, clouding their business prospects going forward. Reflecting this is the Vistage-MIER CEO Confidence Index which stood at 65.3 points in 4Q2015, almost on par with the prior quarter’s 65.1 which was the lowest since 1Q2009.
- 4Q2013: CONFIDENCE FALTERSCEOs’ confidence in the Malaysian economy is dropping, and they are now looking at the prospects of their firms more closely than before. This can be deduced from the latest Vistage-MIER CEO Confidence Index which plummeted to a two-year low of 87.3 points in 4Q2013, far below the optimism threshold level of 100 points.