A taste for growth, but no real hunger?
2015 CFO Survey
Chief Financial Officers (CFOs) are highly influential in the New Zealand business community. Understanding their views on their own businesses as well as on the wider economy and where they see risks and opportunities provides useful insight into New Zealand’s economic health and direction.
We are pleased to present the third annual Deloitte New Zealand CFO Survey. This report outlines the views and sentiments of New Zealand CFOs based on their survey responses. We hope it adds value to your business as a general economic indicator.
To ensure we received information that truly reflects the New Zealand business environment, we surveyed 133 CFOs from a range of locations, industries and business sizes. We have pulled insights from the New Zealand CFO community and compared them to the views of their CFO peers in Australia as appropriate to provide an interesting benchmark against one of our largest trading partners.
Download the 2015 CFO Survey
In 2015, a stronger New Zealand economy aided by domestic construction activity in Christchurch and Auckland, low inflation, a recovering US economy and continued low interest rates, has CFOs continuing to feel optimistic about their companies’ future prospects. However, some headwinds caused by lingering issues around European debt, slowing economic growth in China and falling commodity prices are behind a slight increase in the levels of CFO uncertainty over last year. We also expect the weaker Australian economy and the continued strength of the NZ dollar (particularly against the Australian dollar and the Japanese Yen) to have played a part in these results. While uncertainty remains lower than 2013 levels, it appears to have made a comeback in 2015 due to our exposure to potential external shocks muting CFO optimism compared to 2014.
Download the 2014 CFO Survey
CFOs have started 2014 feeling more assured about the financial prospects of their companies, helped along by growing confidence in the New Zealand economy, improvements in the US and European economies and a belief that there is less economic uncertainty now than existed 12 months ago.