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CFO Quarterly Outlook Report: July 2010

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Chief Financial Officers are expressing less confidence and more caution, with realizations that the U.S. economy and their own businesses may still be vulnerable. According to the second quarter 2010 “CFO Outlook Survey,” CFOs will face a number of added expenses over the next 12 months, including new costs related to taxes, financial regulatory reform and healthcare. While confidence is down, and areas such as IPO activity and the rate of capital spending remain slowed, CFOs’ outlook toward credit is more favorable and various findings demonstrate substantial progress since 2009. This quarter, the CFO Outlook Survey, conducted by Financial Executives International and Baruch College’s Zicklin School of Business, interviewed 279 corporate CFOs electronically from July 8-16. CFOs from both public and private companies and from a broad range of industries, revenues and geographic areas, including some off-shore companies, are represented. Survey respondents are members of Financial Executives International.

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