Optimism among chief financial officers about the U.S. economy dimmed in the second half of this year, helping explain why companies plan to temper spending on equipment and hold more cash in 2016.
The Duke University/CFO Global Business Outlook's latest gauge of sentiment stood at 60.3 in December, down from 63.7 at the end of 2015. The index was little changed from a third-quarter reading of 60. Some 26.1 percent of CFOs this quarter said that they were more upbeat about the economy, down from 50.3 percent a year ago.
"U.S. companies indicate that slowing growth in China, along with low energy prices and a strong dollar among export firms, are curtailing spending plans," John Graham, a finance professor at Duke, said in a statement.
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
- Exclusive discounts on ALM and Treasury & Risk events.
- Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.
*May exclude premium content
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
