CFO Sentiment | Edition 5
Solid on outlook, positive on risk
CFO Sentiment continued to improve in the first half of 2018 - 77% of CFOs are optimistic about their prospects and only 4% are pessimistic. This is reflected in strong local job growth and investment activity as businesses feel confident enough to increase their capacity.
Key findings from this edition include:
- Strong global economic conditions are flowing through to Australian economy, and this is elevating CFO optimism
- Just over 75% of CFOs are optimistic about the financial prospects of their company
- Risk appetite remains strong, with a record 64% of CFOs comfortable with taking on more balance sheet risk (up two points on the previous results of 62% in the last half year)
- 42% of CFOs are interested in taking on risk in the form of additional investment if tax cuts are legislated, while only 11% are looking to pay down debt
- CFOs remain wary of potential risks that threaten the business outlook including trade tariffs and interest rate hikes as well as continued business disruption
- Digital transformation is front of mind, both disruptive and transformative, with more than 20% of CFOs focusing on updating core systems and existing capabilities.
CFO Sentiment | Edition 5
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Published: August 2018