U.S. CFOs are more upbeat about a broad range of finance issues than their European counterparts, while CFOs in Asia view their region's economy more favorably than the world's, according to two recently released surveys.
U.S. CFOs see their company's net earnings growing 12.7% this year and their revenue rising 8.2%, according to the 361 U.S. and European finance chiefs polled by Financial Executives International and Baruch College's Zicklin School of Business between Jan. 30 and Feb. 1. European CFOs, however, look for earnings growth of 4% and revenue growth of 3.3%, and see a gain of just 4.8% in capital spending and 5% in technology spending. U.S. CFOs expect their capital spending to rise 13% and technology spending to increase 9.1%.
"In the U.S., the expectations are still pretty strong," says John Elliott, dean of the Zicklin School of Business. "In Europe, the numbers are much more anemic."
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