Dun & Bradstreet Composite CFO Optimism Index is at a 5-quarter high
Optimism amongst CFOs in the industrial sector is the highest in 11 quarters
Mumbai, February 15, 2018: 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 2018 (Jan-Mar of the calendar year 2018), 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 “Optimism levels amongst CFOs has increased to a five quarter high and has been rising steadily since the last two quarters. Expectations that increased thrust on rural and social sector in the budget could uplift the rural demand and drive the consumption growth had added to the optimism levels. Even as the impact of demonetization on demand has been tapering off, companies are yet to enter in the capex cycle. However, our survey finds that CFOs are optimistic about raising funds both short term and long term. Besides, there is a decrease in the perception of financial risk on company’s balance sheet, probably buoyed by the upturn in the prospects in the global and domestic economy. The RBI has also geared up to fast track the NPA resolution, the much-needed move to strengthen the economy. This along with expected improvement in domestic demand are likely to help optimism levels going ahead.”