Dun & Bradstreet Composite CFO Optimism Index: The Composite CFO Optimism Index for Q3 2017 is at one and a half year low
Only 41% of CFOs expressed optimism about liquidity position of their companies – lowest since Q2 2014
Mumbai, Sep 12, 2017: 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 Q3 2017 (Jul-Sep of the calendar year 2017), 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:
Commenting on the findings of the survey, Manish Sinha, Managing Director – India, Dun & Bradstreet stated that “Concerns related to subdued domestic and weak external demand, strain in the corporate balance sheet, stressed assets in the banking system and the pressure on public finances appear to have contributed to the lower optimism level. For some CFOs, execution of the Goods & Services Tax (GST) system seem to have taken a toll on their optimism scores. Further, strain in the corporate balance sheets have added to the already weak risk appetite of the CFOs, consequently their expansion plans remain muted - which also has an impact on the optimism score. Looking forward, we anticipate that the remonetisation measures, restocking post GST implementation, the onset of the festive season, state pay commission hikes and the lower lending rates might result in some tailwinds for the CFO Optimism scores”