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U.S. CEOs More Confident

Sentiment on economy hits highest level in almost a year; hiring plans improve.

By Shobhana Chandra, Bloomberg | Updated on February 07, 2012

Confidence among U.S. chief executive officers rose in the fourth quarter to the highest level in almost a year as their economic outlook and hiring plans improved, a private survey showed.

The Young Presidents’ Organization’s index of sentiment climbed to 62.2 from 57.7 in the prior three months, according to the Dallas-based group. Readings greater than 50 show the outlook was more positive than negative in the survey, which started in July 2009. The employment index rose to 59.8, the highest since records began, from 58.3 in the previous quarter.

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