X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

CFOs are cutting back on expectations for capital spending, hiring and prices, according to a survey of CFOs by Financial Executives International (FEI) and Baruch College’s Zicklin School of Business. Companies are projecting average increases of 2.3% in capital spending, 4.1% in hiring and 1.9% in prices, down from first-quarter projections of 7.9%, 5.2% and 2.1%, respectively. “While CFOs were a little more downbeat, they were neither outrageously optimistic nor outrageously pessimistic about the economy,” says Zicklin dean John A. Elliott. There’s good news on the issue of outsourcing: While 73% say they outsource, more than half outsource to U.S. firms. “We often talk about outsourcing as if everything is going offshore,” says Elliott. “But there’s also a lot of efficient contracting for everything from accounting services to benefits to manufacturing where they’ve found specialists to do the work for them, often here in the U.S.”

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.

Already have an account?

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.