© 2017 Vistage Worldwide, Inc. 221_3107 Q4-2017

The majority of small business CEOs reported recent improvements in the economy, an upwards trend from last quarter and last year.

Fewer small business CEOs expect continued improvement in the economy, yet 83% anticipate increased revenues in the year ahead.

Pace of economic growth moderating. Pace of economic growth moderating.

Robust growth anticipated, strong revenue and pro�ts expected by CEOs.

Robust growth anticipated, strong revenue and pro�ts expected by CEOs.

71% of CEOs are planning for workforce expansion, the highest since 2003. Hiring will take place throughout the year:

54% of CEOs are planning to increase investments, the highest since Q4 2004.

Small business hiring and investment plans at record highs. Small business hiring and investment plans at record highs.

83% of CEOs expect increased sales revenues in the next 12 months.

67% of SMB CEOs anticipate pro�ts increasing in the year ahead.

The data suggests a much faster pace of GDP growth in the year ahead. CEOs of small to midsize �rms anticipate strong economic growth in 2018.

Learn more at vistage.com/ceoindex

CEO optimism surges to decade peak.

The Vistage CEO Con�dence Index was 110.3 in Q4 2017, the most optimistic economic outlook since Q4 2004.

Q4 2016

42%

Q3 2017

52%

Q4 2017

66%

Q2 2016

38%

Q4 2016

58%

Q3 2017

32%

Q4 2017

45%

– Analysis provided by Dr. Richard Curtin, University of Michigan

54%

67%

Increased profits

83%

Increased revenues

48%

22%

20%

8%

2%

Q4 2018

Q1 2018Throughout the year

Q2 2018

Q3 2018