Dun & Bradstreet Composite CFO Optimism Index Q1-2020

Dun & Bradstreet Composite CFO Optimism Index increased by 15.5% (q-o-q) to 123.5 during Q1 2020

Optimism level for financial performance of the company is the highest in over three years

Mumbai, February 7, 2020: Dun & Bradstreet, the world’s leading provider of global business information, knowledge and insight conducted a pan India survey of Chief Financial Officers (CFOs) in which they were asked about their confidence in the overall financial and macro-economic conditions for Q1 2020 (Jan-Mar of the calendar year 2020), 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 revealed interesting facts about CFOs’ perspective on the overall business climate in the country:

  • The Composite CFO Optimism Index increased by 15.5%, on a q-o-q basis, to 123.5 during Q1 2020. The index is at a five-year high
  • Optimism level for macroeconomic scenario is the highest in two years. Optimism level amongst CFOs in the services sector for macroeconomic scenario is the highest in five years
  • 45% of CFOs indicated a decrease in the level of financial risk on their companies’ balance sheet - highest since Q2 2012
  • 40% of CFOs indicated a need for raising long-term funds – highest in almost five years
  • 28% of CFOs in the industrial sector expect the cost of raising funds from the market to decrease in Q1 2020 – highest in two years
  • 50% of CFOs have indicated overall scenario for mergers & acquisitions to be favourable during Q1 2020 – highest in one-and-half years
  • 34% of CFOs in the industrial sector expect the level of financial risks for corporate sector as a whole to decrease in Q1 2020 – highest in seven-and-half years
  • 22% of CFOs in the services sector have stated capex plan to be their priority in the next six months - highest in three years
  • 41% of CFOs have stated effective portfolio management to be their risk management tool in the next six months, highest in almost three years
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