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Business confidence up: survey

Business confidence up: survey
A new survey has found that business confidence is up, with most Australian chief financial officers (CFOs) optimistic about future prospects.
The Deloitte CFO survey found that 88 percent of respondents believe the worst of the credit crunch is over for their company while 72 percent are more optimistic about their company’s outlook than they were last quarter.
However, the survey also found that while the majority of CFOs acknowledge economic improvements are just around the corner, 28 percent are still in a ‘wait-and-see mode.’
‘They expect business conditions to remain difficult through the early stages of recovery and their plans still reflect plenty of caution,’ the Deloitte report said.
While acknowledging economic improvements are just around the corner, 28 per cent of those surveyed said they were still in ‘wait-and-see mode’.
‘They expect business conditions to remain difficult through the early stages of recovery and their plans still reflect plenty of caution,’ the Deloitte report said.

A new survey has found that business confidence is up, with most Australian chief financial officers (CFOs) optimistic about future prospects.

The Deloitte CFO survey found that 88 percent of respondents believe the worst of the credit crunch is over for their company, while 72 percent are more optimistic about their company’s outlook than they were last quarter.

However, the survey also found that while the majority of CFOs acknowledge economic improvements are just around the corner, 28 percent are still in a ‘wait-and-see mode.’

‘They expect business conditions to remain difficult through the early stages of recovery and their plans still reflect plenty of caution,’ the Deloitte report said.

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Jessica Stanic

Jessica Stanic

Jessica has a background in both marketing and journalism and is dedicated to making the website the leading online resource for small to medium businesses with ambitions to grow.

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