The Conference Board Measure of CEO Confidence rose to 67 in the first quarter, up from 62 in the fourth quarter—showing a measurable amount of faith in the economy since a reading above 50 indicates a positive outlook.

“CEOs’ confidence has improved, yet again, and expectations are that the economy will continue to expand in the coming months,” said Lynn Franco, director of The Conference Board Consumer Research Center. “As for the employment outlook, CEOs are more bullish than last year, with half now saying they intend to ramp up hiring.”

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