Dun & Bradstreet Composite CFO Optimism Index declined by 29.3% (q-o-q) to 87.3 during Q2 2020
Optimism for operating margin and liquidity lowest since the index was instituted in Q2 2012
Mumbai, June 26, 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 and is lowest in over six years. The pan-India survey compared confidence levels from Q2 (Apr-Jun 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 29.3%, on a quarter-on-quarter (q-oq) basis, to 87.3 during Q2 2020. 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.
The survey revealed the following insights on CFOs’ perspective about the overall business climate in India: