Private Company Index Drops to 2007 Starting Point; PCI CEO Report Published
Chicago, IL March 19, 2007 –The February Private Company Index (PCI) indicates that, on average, sales performance was down 3.46% for this collection of “Blue Chip” private companies in February.
This brings the PCI back to its starting point for the year – similar to the NASDAQ and DOW indices. NASDAQ’s February performance saw a drop of 1.95% and the Dow ended the month down 2.80%.
These figures are not surprising due to the fact that the PCI grew a whopping 52.5% for calendar year 2006, which means the PCI is coming off an all-time high—so even with the slight decline February marks the third highest Index figure since its inception in Q3 2005.
The recently completed report, “Survey of Private Company CEOs: Reality, Trends and Expectations,” indicates that private sector chiefs felt great about the economic and business climate for last year and are overwhelmingly positive about the current and future environment for private company performance—not just for 2007, but for the coming five years.
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