Dun & Bradstreet Composite CFO Optimism Index
55% of CFOs expect liquidity position of the company to increase in Q4 2017, highest in 4 quarters
Only 26% of CFOs indicated need for raising short term funds in Q4 2017 – lowest since Q2 2012
Mumbai, Dec 5, 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 Q4 2017 (Oct-Dec 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 said “Optimism levels for Q4 2017 amongst CFOs have improved over the previous quarter. The proactive measures taken by the government, especially bank recapitalisation and amendments to GST has helped optimism levels. In addition, there have been modest improvements in international economic activity. This improved optimism level should translate to an uptick in capex and other investments, which remains muted compared with last year. What will really help now is a strong rebound in consumer demand”.