On Monday, the National Association of Corporate Directors (NACD) released the results of its quarterly survey of public company directors. The Board Confidence Index (BCI) is designed to provide a snapshot of sentiment about the economy from the perspective of the corporate boardroom. In each quarterly survey, directors are asked to score their attitudes about the economy on a scale that ranges from “substantially worse” (assigned a value of 0 points) to “substantially better” (100 points). Their responses are averaged for each question, so that scores above 50 points indicate a positive outlook, scores below 50 indicate a negative outlook, and scores around 50 indicate uncertainty or neutrality.
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