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
Burger chain Shake Shack Inc. said late Thursday that it has priced its initial public offering of 5 million Class A shares at $21 per share, which is above the previously estimated price range of $17 to $19 per share. The shares are expected to begin trading on the New York Stock Exchange on Friday, January 30 under the ticker symbol "SHAK." Google reported a higher fourth-quarter profit, driven by a 15 percent increase in revenues and one-time gains from the sale of Motorola Mobile business, somewhat offset by stock-based compensation expense and foreign exchange losses. Quarterly earnings and revenue missed Wall Street estimates, as ad revenues came under pressure. Online retailer Amazon.com, Inc. said Thursday after the markets closed that its fourth quarter fell 10.5% from last year, as higher expenses more than offset a 15% increase in sales. However, the company's quarterly earnings per share came in well above analysts' expectation, but its quarterly sales fell short of analysts' forecast.
comments powered by Disqus
RELATED NEWS
Trade GE now with 
Follow RTT