European CEOs More Upbeat than US Counterparts
US chief executives are becoming more pessimistic about the outlook for business, according to a quarterly survey by US investment bank Goldman Sachs.
The survey, published on Wednesday, shows that while CEO confidence is softening in the US, in Europe it is bouncing back after dipping earlier in the year.
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Goldman says the transatlantic divergence among CEOs "sits well" with its view that the risks of deceleration in economic growth are higher in the US than in Europe.
The survey, which is based on reports by bankers of chief executives' plans, shows that rising raw material costs, high oil prices and uncertainty over the outcome of the presidential election are adding to a sense of weakening business prospects in the US.
In Europe, CEOs remain concerned about domestic growth but are more optimistic about global activity, the survey says.
For this complete story, please visit European CEOs More Upbeat than US Counterparts.
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