Q1 CFO optimism swells in wake of U.S. tax reform
Surveyed CFOs' net optimism spiked to a high of plus 54 from last quarter's plus 47, as 59 percent of the 155 CFOs surveyed said they were more optimistic about their own company's prospects, while just 6 percent cited declining optimism.
In the wake of the U.S. Congress' passage of tax reform, CFOs' assessments of the North American, European, and Chinese economies hit new survey highs.
CFOs' assessments of the North American economy grew even stronger this quarter, with nearly 90 percent of CFOs rating current conditions as good, up from 74 percent last quarter and a new survey high by a wide margin.
Nearly 60 percent expect better conditions in a year. CFOs' perceptions of Europe's current state and trajectory both hit new survey highs, with 55 percent saying current conditions are good, up from 35 percent; and 51 percent expecting better conditions a year from now, up from 33 percent last quarter.
Fifty percent of CFOs say current conditions in China are good, compared with 49 percent last quarter, and 37 percent expect better conditions in a year, down from 41 percent. ■