European CFO Survey

Insights

European CFO Survey Spring 2018

Undeterred by uncertainty

Welcome to the seventh edition of the Deloitte European CFO Survey presenting the opinions of 1,652 CFOs across 20 European countries. The survey is the ideal barometer of the European corporate sector, providing an overview of CFOs’ hiring and investment intentions, views on critical business risks, current strategic priorities and what factors they consider critical for success. Download the report and get in touch with your local CFO programme contact at the bottom of the page to discuss the findings further.

CFO confidence is boosted as uncertainty declines

A more positive economic environment has driven the rise in optimism and the decrease of uncertainy for Europe’s CFOs:

  • This quarter shows a net balance of 32% of CFOs who are more optimistic than pessimistic, the highest amount reached since the beginning of the series. It is also the first time since Q1 2015 that, in all countries, CFOs who are optimistic about financial prospects outnumber those who are pessimistic
  • The political shifts that affected the results in the Q1 2017 survey have now stabilised: this is reflected in a lower perception of uncertainty among CFOs. As well, growth outcomes have exceeded expectations and consumer confidence (as measured by the OECD’s Consumer Confidence Index) is at a ten-year high
  • However, we do see a divide between those based in the euro area and those who are not, with the latter markedly less positive about the future. As well, perceptions of uncertainty are higher among CFOs in large businesses than in small and medium-size enterprises. The most prominent concerns among big-company CFOs relate to issues that might lead to disruption in international trade.
European CFO Survey Spring 2018

European CFO Survey - Spring 2018

For a full breakdown, download the European CFO Survey Spring 2018 report

About the European CFO Survey

The European CFO Survey is part of a global cohort of surveys benchmarking the current and future intentions and opinions of European Chief Financial Officers. The findings discussed in this report are representative of the opinons of almost 1,652 CFOs based in 20 European countries: Austria, Belgium, Denmark, Finland, France, Germany, Greece, Iceland, Ireland, Italy, the Netherlands, Norway, Poland, Portugal, Russia, Spain, Sweden, Switzerland, Turkey and the United Kingdom. CFOs were all contacted between February and April 2018.

Previous editions

European CFO Survey - Autumn 2017
CFOs switch focus to the longer term

European CFO Survey - Spring 2017
Recovery continues

European CFO Survey- Autumn 2016
Growth prospects in an uncertain world

European CFO Survey - Spring 2016
Politics takes centre stage

European CFO Survey - Autumn 2015
Confidence heads South

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