CFO Optimism Index at All-time High for July-September Quarter: D&B
Confidence level of CFOs over the overall financial and macro-economic conditions in the country reached an all-time high for July-September amid a stable government at the Centre, says a Dun & Bradstreet report.
The optimism amongst CFOs has increased significantly as 79 per cent (all-time high) of respondents expect the level of financial risks on company's balance sheet is expected to either decline or remain the same during Q3 2014.
"The survey conducted by D&B India reveals that optimism amongst CFOs reached an all-time high during Q3 2014. The installation of a stable government at the Centre has stirred in hopes and optimism amongst the CFOs regarding the overall macro-economic environment," Dun & Bradstreet India director -risk management solution Arvind Raghav said.
The Composite CFO Optimism Index for the July-September quarter this year surged by 42.8 per cent on a year-on-year basis and 35.4 per cent on a quarter-on-quarter basis.
"The various measures announced in the budget have the potential to kick-start the investment cycle. This could partly explain the improved optimism level amongst the CFOs regarding the financial performance at the company level," Mr Raghav said.
While CFOs are most optimistic during Q3 2014, cash flow management and reducing cost continued to remain top most priorities.
"Going forward, the measures taken by the government to mitigate the impact of weak monsoon as well as policy moves to de-bottleneck large projects would play a crucial role in sustaining the already heightened sense of exuberance," Mr Raghav added.
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