A new survey out from Financial Executives International (FEI) and Baruch
College’s Zicklin School of Business finds a decided lack of optimism among the nation’s chief financial officers. In an ongoing survey using an index in which a score of 100 equals neutral, CFOs produced a very pessimistic thermometer reading of 41.73. Their outlook for their own company, where optimism is more likely to prevail, was also pessimistic at 61.74. The results were tied to the third quarter and both represented drops from 2Q outlook. They are also looking at actual reductions next year in capex, technology spending and hiring.