Business Confidence Shows Sharp Increase

The Conference Board's Measure of Business Confidence — a snapshot of CEOs' views of the economy — leaped 26 points in the first quarter of 2002. This measure now stands at 66, up from 40 last quarter. (A reading of more than 50 points reflects more positive than negative responses.)

The survey covers more than 120 chief executives from a wide range of industries.

Nearly 50 percent of business executives say current economic conditions are better than they were six months ago.

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