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CFO Quarterly Outlook Report: November 2011


Business and global economic confidence among Chief Financial Officers continues to dive to some of its lowest levels in over a year, according to the most recent survey of CFOs conducted by Financial Executives International (FEI) and Baruch College’s Zicklin School of Business. The quarterly “CFO Outlook Survey,” which polls CFOs of public and private businesses in the U.S. and Europe (Italy and France) on their economic and business confidence and expectations, reveals that CFOs are uncertain about the financial and political turmoil engulfing them and impacting their business outlook.  With a pending election and debt reduction a major focus, U.S. CFOs in particular are highly critical of their President, giving him a failing grade for his handling of the economy, healthcare and unemployment. 

This quarter, the CFO Outlook Survey, conducted by Financial Executives International and Baruch College’s Zicklin School of Business, interviewed 309 corporate CFOs from the United States and 91 corporate CFOs from Italy and France electronically from October 17th – October 31st. 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. The U.S. survey respondents are members of Financial Executives International; France survey respondents are members of Association Nationale Des Directeurs Financiers Et Du Controle De Gestion (DFCG) and Italy survey respondents are members of Associazione Nazionale Direttori Amministrativi E Finanziari (ANDAF). Financial Executives International has been conducting surveys gauging the country’s economic outlook from the perspective of CFOs for more than 11 years.

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