The Conference Board Measure of CEO Confidence™ for Europe by ERT appears to be in freefall, hitting an all-time low in the measure’s three-year history. CEO Confidence in H2 2022 falls to a record low of 24, down from 37 in the first half of 2022. The measure was a healthy 63 in the second half of 2021. All three subcomponents of the Measure in H2 2022 are worse compared to six months ago. A reading below 50 reflects more negative than positive responses.