Dun & Bradstreet Composite Optimism Index for Q1 2017 declined most in six quarters on a q-o-q basis. The Composite CFO Optimism Index declined by around 8.0% on a q-o-q basis
Only 28% of CFOs stated need for raising short-term funds and 25% for long-term funds ion Q1 2017. Dun & Bradstreet, the world’s leading provider of global business information, knowledge and insight conducted a pan India survey of corporate CFOs in which they were asked about their confidence in the overall financial and macro-economic conditions for Q3 2016 (Jul-Sep of the calendar year 2016), as compared to the same quarter of the previous year. The survey reveals how optimistic the CFOs are with respect to the overall financial health of their respective companies, the business risk environment and the macroeconomic scenario in the country. The survey also tried to capture the CFO’s viewpoint regarding adoption of technologies.
- Dun & Bradstreet Composite Optimism Index for Q1 2017 declined most in six quarters on a q-o-q basis. The Composite CFO Optimism Index declined by around 8.0% on a q-o-q basis
- The fall in optimism among the CFOs in the industrial sector have turned out to be stronger than the CFOs in the services sector during Q1 2017
- Only 45% of CFOs expressed optimism for domestic macroeconomic scenario during Q1 2017 – lowest in 12 quarters
- Around 38% of CFOs are optimistic for mergers & acquisitions scenario - lowest since Q3 2014
- Only 40% CFOs stated their operating margin to increase during Q1 2017 - lowest in 12 quarters
- Compared to 66% of CFOs indicating availability of funds in the market to increase and 63% expecting cost of raising funds to decrease, only 28% have stated need for raising short-term funds and 25% for long-term funds during Q1 2017