The finding comes from the latest survey results from Fortune and Deloitte, which collaborate on an ongoing survey to ask chief executives from the Fortune 500, Fortune Global 500 and those attending Fortune conferences about their economic outlook.
In the latest survey, conducted June 11-26 among 83 respondents, there was little change from the February survey in terms of CEOs’ outlook for the broader economy, according to Fortune. However, CEOs’ outlook for their own companies darkened in June, with 28% reporting they were now neutral or downbeat about their future, compared with 20% in the February survey. CEOs’ inflation fears increased, with 45% of CEOs citing the issue as among their greatest three concerns over the next 12 months, compared to 27% earlier this year.
CEOs also reported less optimism around weathering the challenges inflation presents, according to Fortune. Forty-three percent of CEOs in the latest survey reported confidence in their ability to weather inflationary pressures, compared to 63% a year ago.
Fortune noted that these findings were fielded shortly following the Federal Reserve’s June meeting, during which, according to J.P. Morgan, the U.S. central bank decided to maintain interest rates at their current levels, keeping the overnight federal funds rate at the current range of 5.25% to 5.5%.
While inflationary concerns rose to 45%, staffing concerns fell from 36% last summer to 20% in June.
The full findings from the survey are available here.
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