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Optimism Abounds Among Finance Execs

Survey shows positive expectations for corporate revenues, profits, hiring, and the economy overall.

By Treasury & Risk Staff | Updated on July 31, 2013

Senior finance managers are more optimistic about the economy than they’ve been in five years, according to the “2013 CFO Outlook: Mid-Year Update” from Bank of America Merrill Lynch. Granite Research Consulting surveyed 250 CFOs, finance directors, and other executives from businesses of all sizes located throughout the United States. Fifty-eight percent of them are feeling positive about the domestic economy­. That’s a jump of almost 10 percentage points from the 49 percent who felt positive at the beginning of 2013, and it’s the survey’s highest proportion of optimistic CFOs since 2008.

A clear majority of respondents (55 percent) expect the economy to expand later this year, and only 10 percent expect it to contract. That’s a big change from six months ago, when 39 percent predicted an expansion and 24 percent expected a contraction.

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