Greater optimism yet to ignite risk appetite
Deloitte CFO Survey: 2016 Q4
The quarterly CFO Survey is firmly established with media and policy makers as the authoritative barometer of UK corporates’ sentiment and strategies. It is the only survey of major corporate users of capital that gauges attitudes to valuations, risk and financing.
“Buoyed by a backdrop of continued UK growth, CFOs have become markedly more positive on the outlook for their businesses and enter 2017 in better spirits than at any time in the last 18 months.
“However, rising optimism does not represent a return to business as usual. Uncertainty in the external environment continues to keep a lid on corporate expansion. Risk appetite remains depressed and is well below average levels and corporates remain on defensive footing, with cost reduction and building up cash as their top priorities.”
Ian Stewart, UK chief economist