Are your client’s opinions in line with the CFOs that participated in the Duke University/CFO Magazine Survey?
Duke University and CFO Magazine have released the results for their annual survey of Chief Financial Officers in the United States. Most expect to see strong growth in business spending and earnings this year but only modest hiring increases. The most significant risks include continued tight credit markets and weak consumer demand decreased inventory levels.
Summary points stated in the press release include:
- Earnings expected to soar 12 – 14 %, with capital spending increasing a projected 9%
- Full-time domestic hiring will increase 0.2% and temp hiring increasing 0.5%
- Inventory decrease at nearly half of US firms
- CFO optimism has improved from recession lows, but remains below long run averages
- 31% of US firms will be active in mergers and acquisitions in 2010
The top concerns of CFOs in the overall economy include consumer demand, government policies, and price pressure and credit markets. Top concerns about their own business include profit margins, employee morale and liquidity management.
The complete results the US, Europe, Asia and China can be found here.