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PwC: CEOs Split on Optimism in 2013

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    Bob Moritz, PwC chairman, on the firm’s latest survey on business-owner confidence.

  • Duration 3:46
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Over half think that the economy will stay stable and the next twelve months as compared to last year almost half stated they -- I would decline.

Roberts is chairman in senior -- -- PW CUS -- is here with more.

Which is that as optimistic that they think it's going to be steady advocate that we settle for these days is not -- the -- I do you think Melissa it's not a relative -- so -- that is somewhat optimistic is a look at how CEOs have been operating over the last three to four years now.

Because it's and its attendant dynamic in terms of how the look at the economy.

Vs how -- looking at their ability to grow over the next twelve they think the economy's going to be relatively stable knocked it down further that's correct so you've got CEOs that say the economy is gonna pray about say the -- -- -- lot of different ups and downs within that.

But their own coffins to build a pro sex and down.

As they look globally over the next told my.

Why because you got tremendous and certainly when you look at.

Can I actually gain market share can -- manage through all the regulatory uncertainty can manage through the global uncertainty that's there -- economy right now so there's a struggle in terms of how can actually continue to grow in this world so there.

Not that optimistic although I am surprised to hear that the even think that the US economy is gonna -- stable because you know we have so many headwinds out there are not the least of which are.

All the clicks that we had a had a -- you know we sort of have one down three to go up you look at.

The debt limit the sequestration cuts that are still there ready to go and the congressional budget -- as well.

Yeah well you got actually step back and talk first about so the economics and the fundamentals so housing market stabilizing and turning around.

Energy clearly an abundance sought supplies we look at that over the next ten years or so from a US economy perspective and confidence of the consumer it's -- there.

But you do have like -- said that uncertainty that lingering doubt coming from governmental action or -- great job over the next year to.

I notice also one of the top three areas that business leaders want the government to focus on is creating a skilled workforce it's interesting to me.

That they still think that's the job of the government has at this point I've sort of given up on the government to do that act I was like it's the job -- parents.

And -- companies that want to create trading programs for what they need.

Yeah and it's clear that Alitalia CEOs we talked to it's a combination of responsibility -- can't just -- just the business community just academic just the communities -- just government.

It's got actually go all considered together as they actually deal with that still -- mismatch.

But they feel good about the consumer they think the consumers coming -- -- -- Look the reality is you've got some indications that the consumer confidence has in -- increased and I would tell you as CEOs around the world look at the next 122436.

Months there's three things on their agenda.

One is how can I continue to grab more consumers and give them a better consumer experience second is happen to be really opportunistic in terms of either acquisitions investments but it's elected.

And -- they are very Smart in terms of focusing on cost cutting right now restructuring and alike to prepare for potentially those clips that you talk about.

Yes so tell me more about what they're gonna do in light of this -- -- are -- making investments.

You've -- -- -- I think certain businesses -- had a strong.

Growth agenda over the last couple years and a diversification into play the emerging markets and the tail winds that were behind them.

They actually will continue to make investments is a long term focus you've got other companies though that may be reconciling themselves that we were just in the US -- just and certain economies.

Or sectors where the confidence was as big so the little bit more reluctance to actually move -- -- I recognize that reconcile that would be NFIB survey small business owners competence increase in December but it remain one of the lowest readings -- in the 38 year history of that survey.

Salute -- again this is back to the bigger macro issue in terms of your debt issue your tax issues and all the like particular that was there in the last quarter of 2012.

We saw the same thing the CEOs confidence looking ahead even in states.

Was actually down a lower level but it was because all that and certainty that you only got resolution of one small issue that smallish European fiscal cliff.

-- -- you're -- protest you get more information in in this small period of time than any other contests we have I have a tendency to -- -- Is pretty thank you thank you for coming up hours -- love it here.

Okay.

Epidemic level.

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