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Dun & Bradstreet Composite CFO Optimism Index declined by 15.0% (q-o-q) to 74.2 during Q3 2020
Mumbai, September 21, 2020: A recent survey of Chief Financial Officers (CFOs) conducted by business decisioning data and analytics firm Dun & Bradstreet, found that the confidence in financial and macro-economic conditions has declined. The pan-India survey compared confidence levels from Q3 (Jul-Sep of the calendar year 2020) with the same quarter of the previous year. Based on the responses, the Dun & Bradstreet Composite CFO Optimism Index showed a decline of 15.0%, on a q-o-q basis to 74.2 during Q3 2020, bringing the Index to a record low.
The Index, encapsulates the optimism level of CFOs surveyed on 12 parameters such as operating margin, liquidity position, level of financial risk on company’s balance sheet, risk appetite, need for raising short term and long term funds, cost of raising funds, availability of funds, domestic and global macroeconomic scenario, overall scenario for mergers and acquisitions, level of financial risks for corporate sector as a whole
Dun & Bradstreet Composite CFO Optimism Index analyses the optimism level of CFOs on 12 parameters: operating margin, liquidity position, level of financial risk on company’s balance sheet, risk appetite, need for raising short term and long term funds, cost of raising funds, availability of funds, domestic and global macroeconomic scenario, overall scenario for mergers and acquisitions, and level of financial risks for corporate sector as a whole.
The survey of the CFOs also revealed the following insight on the overall business climate in India:
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