- CFOs gave the current U.S. economy an average score of 53 out of 100, the same as in the spring. They gave the global economy a score of 45, down from 47.
- Confidence in their own companies’ 2012 performance was down among CFOs, with 60 percent forecasting higher revenues, down from 64 percent in the spring, and 44 percent expecting higher profit margins, down from 50 percent.
- Hiring expectations also dipped, with 46 percent of CFOs predicting more hiring this year, down from 51 percent in the previous survey.
- CFOs’ top financial concerns within their own companies were healthcare costs, revenue growth, cash flow and consumer confidence – all of which were up from the Spring Update.
- The top internal barriers to growth cited by CFOs were an inability to change strategy in response to fluctuations in the industry or customer demand, operational inefficiencies and a limited supply of qualified workers
U.S. CFOs Less Optimistic About Economic Growth In Latest Bank Of America Merrill Lynch CFO Outlook Survey
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