Dun & Bradstreet Composite CFO Optimism Index declined by 8.4% (y-o-y) bringing the Index to a record low
Mumbai, December 28, 2020: A recent survey of Chief Financial Officers (CFOs) in India, 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 Q4 2020 (Oct-Dec 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 8.4%, on a y-o-y basis to 98.1 during Q4 2020, bringing the Index to a record low.
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 also revealed the following insight on the overall business climate in India: