Wednesday, September 26, 2012

Half of CFOs more pessimistic

Nearly half of U.S. chief financial officers are more pessimistic about their companies’ prospects this quarter, according to a survey to be released in full Wednesday.
Delioitte’s CFO Signals survey, which tracks companies that average more than $5 billion a year in revenue, found that 47 percent of U.S. CFOs are more pessimistic. In North America as a whole, 40 percent were more pessimistic, up from 28 percent last quarter.

A release by the professional services firm called the results the “most somber year-over-year expectations in the 10-quarter history of Deloitte’s CFO Signals survey.”
Roughly a quarter of the CFOs cited government policy as their biggest worry, with many mentioning the fiscal cliff and possible changes to tax and regulatory policy.

No comments: