Home / Knowledge / News / Modest price increases expected in 2008
Modest price increases expected in 2008
16
Jan '08
The Conference Board Measure of CEO Confidence, which had declined to 44 in the third quarter of 2007, fell to 39 in the final quarter of 2007 (a reading of more than 50 points reflects more positive than negative responses).

The last time the Measure fell below 40 was in the final quarter of 2000 when it fell to 31.

“CEOs' confidence in the state of the U.S. economy continues to wither and is now at a seven-year low,” says Lynn Franco, Director of The Conference Board Consumer Research Center.

“Given continued trouble in the housing and credit markets, persistent volatility in financial markets and increases in energy prices, it's not surprising that confidence has eroded.

Looking ahead, the majority of business leaders expect these lackluster economic conditions to prevail throughout the first half of 2008.”

CEOs' assessment of current economic conditions was considerably less positive, with just 7 percent of CEOs – down from 14 percent last quarter – stating economic conditions had improved.

In assessing their own industries, business leaders were also less optimistic. Approximately 15 percent claim conditions are better, down from approximately 17 percent in the third quarter.

Looking ahead six months, the outlook has turned more negative. Currently, 16 percent of business leaders expect economic conditions to improve in the next six months, down from 20 percent last quarter.

Expectations for their own industries are also less upbeat, with only 17 percent anticipating an improvement, down from 27 percent last quarter.

Inflation Outlook: Modest Price Increases Expected
The majority of chief executives expect changes in their firms' selling prices in 2008, with just 9 percent anticipating price increases in excess of 10 percent.

On average, firms plan to hike prices by 3.2 percent, slightly lower than last year's expectation of 3.3 percent. Some 13 percent plan decreases and 4 percent foresee no change.

The Conference Board


Must ReadView All

'Requirement of polyester filament yarn is increasing'

Textiles | On 19th Jun 2018

'Requirement of polyester filament yarn is increasing'

The requirement of polyester filament yarn (PFY) is increasing as it...

Courtesy: SAC

Textiles | On 19th Jun 2018

SAC to release pilot of Higg Facility Social Labour Module

The Sustainable Apparel Coalition (SAC) will release this year a...

Courtesy: Ebay

Apparel/Garments | On 19th Jun 2018

eBay partners with Noon for e-commerce sales in Middle East

Noon, the $1 billion e-commerce venture backed by Dubai businessman...

Interviews View All

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Top executives
Indian retail players

Walmart's acquisition of Flipkart endorses the humongous opportunities in...

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Carolin Russ

Weko, Weitmann &amp; Konrad GmbH &amp; Co KG, based in south Germany, is...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search