Fidelity Analyst Survey: 'Global cyclical acceleration' leads to upswing in CEO confidence

IT sector to be 'biggest winner'

CEO confidence has reached the highest level since 2014, reversing from negative levels last year, as analysts record strengthening corporate conditions across every region in the latest Fidelity International 2017 Analyst Survey.

The group's global analyst sentiment indicator (see right), which is put together as part of the survey, has increased from five points in 2016 up to six points this year as management regard demand-led growth as the main driver of earnings growth for their companies. This contrasts to 2016, when companies were looking at cost efficiencies and had declining management confidence and capital spending. The Fidelity International Analyst Survey takes the views of 146 equity and fixed income analysts who have had 17,000 meetings with corporate decision makers. Sentiment is ranked on a ...