The Florida Council of 100 surveyed Florida’s top CEOs to analyze what they expect the state’s economy to do over the next six months.
While some analysts expect growth to slow elsewhere in the state, Florida’s CEOs seem more optimistic than their national peers.
The quarterly index is a forward-looking indicator that captures expectations regarding sales, capital spending, and employment. It is modeled after the nationally recognized Business Roundtable (BRT) index.
Up 8 points from the previous quarter, Florida’s overall CEO Economic Outlook Index score for the third quarter was 91, higher than the national BRT index of 76.
“Florida’s economy is growing, and our CEOs are creating new opportunities to build for future growth teams, spark innovation, drive investment, and strengthen Florida’s communities,” said Mike Simas, president and CEO of the Florida Council of 100.
Florida vs. national sentiment.
Compared to their national peers, Florida CEOs are more optimistic across key metrics.
· Significantly higher job confidence: Florida CEOs report significantly higher employment prospects (87) compared to their national peers (37), highlighting their strong confidence in workforce growth and talent retention.
· Stronger Capital Expenditure Plan: Florida leaders reported a capital expenditure index of (85) compared to (77) nationally. But Florida State was up 9 points from last quarter, and the nation was up 12 points.
· Sales Outlook Measure: Florida CEOs predicted sales outlook (100) compared to the national index (114). However, Florida increased by 14 points, while the national number increased by only 7 points.
“Confidence in Florida’s future economic growth and development is evident in the FC100’s third-quarter forecast,” said George Lemieux, president of the Florida Council of 100. “The quarterly index shows growing optimism among our members as we work with business leaders around the world to create opportunities and welcome innovation so Florida’s economy and workforce can thrive.”
The next FC100 CEO Economic Outlook Index will be released in December.
