CFOs Increasingly Optimistic About U.S. Economy

May 4, 2011

There’s growing optimism about the U.S. economy among chief financial officers (CFO), according to a national survey conducted by Grant Thornton LLP.

Nearly half (48%) of CFOs and controllers surveyed say the economy will improve over the next six months, up from 30% six months ago.

However, CFOs have growing concern grows over inflation: 50% say their company intends to raise prices for its goods/services, up from 31% six months earlier and 24% one year ago.

About 40% of CFOs say their companies plan to add staff over the next six months, up from 28% six months ago, and 54% are optimistic about the future of their own company (up from 46% six months ago).

Regarding the disaster in Japan, 94% say it will affect the U.S. economy, and most believe it will take three to five years for Japan to recover fully.

Are you concerned about a double-dip recession? Oct. 2010 April 2011
Yes 59% 57%
No 42% 43%
Source: Grant Thornton LLC survey of CFOs