logo
Share SHARE
FONT-SIZE Plus   Neg

U.S. Mid-Market CFOs More Positive On US Economy In Q1 GE Capital Survey

U.S. chief financial officers or CFOs of middle-market companies have grown more positive about the state of their industries and businesses as well as the state of the domestic economy over the last six months, according to the latest middle-market CFO survey by GE Capital.

The survey, which took place during the first quarter of 2012, included responses from 495 CFOs of companies with an average revenue of $143 million operating across seven major industries, including: metals, mining and metals fabrication;food, beverage & agriculture;general manufacturing;healthcare;retail;technology & business services; and transportation.

Looking forward, CFOs are more optimistic than six months ago about growth in the U.S. economy, in their own industry, and about the outlook for their own company.

Ninety-four percent expect the US economy to grow or be stable this year, up 14 points, with 23 percent shifting to a growth outlook. Eighty-seven percent anticipate their industry to grow or be stable this year, even with 6 months ago, with 9 percent shifting to a growth outlook.

Ninety-one percent expect company revenues to grow or be stable this year, with 67 percent seeing an increase, up 5 points. Eighty-one percent expect company profits to grow or be stable in 2012, up 8 points.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
IT services provider Computer Sciences Corp (CSC), on Tuesday reported a profit for the third quarter that also trumped estimates, helped largely by lower operating costs that offset 10 percent drop in revenues. Commenting on the results Mike Lawrie said, "In the third quarter, CSC successfully completed... Entertainment giant Walt Disney Co. (DIS) Tuesday reported an increase in first-quarter profit that also trumped Wall Street expectations, as revenues jumped 14 percent on stupendous performance of Star Wars: The Force Awakens. Burbank, California-based Disney's first-quarter profit rose to $2.88... Media conglomerate Viacom, Inc. on Tuesday reported a 10 percent decline in profit for the first quarter from last year, reflecting lower revenues in the Filmed Entertainment and Media Networks segments. However, adjusted earnings per share for the quarter matched analysts' expectations, while revenues missed their estimates.
comments powered by Disqus
RELATED NEWS
Trade GE now with 
Follow RTT