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CFOs Increasingly Upbeat on Economy

In a significant turnaround, finance chiefs plan to increase inventories this year

By Susan Kelly | Updated on January 31, 2010

In the wake of last week’s news that U.S. GDP expanded for the second quarter in a row during the fourth quarter, a survey of CFOs provides more evidence that the economy is beginning to mend.

CFOs’ optimism about the economy rose to 56.98 in the fourth quarter, up from 54.2 in the third quarter and 41.9 in the second quarter, according to a quarterly survey conducted by Financial Executives International and Baruch College. The almost 400 CFOs surveyed were even more upbeat about the outlook for their own companies, with that reading rising to 67.09, up from 64.1 in the third quarter and 51.44 in the second quarter.

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