Tuesday, May 17, 2011

U.S. CFOs Grow Increasingly Optimistic About Business Environment, Economic Growth, GE Capital Survey Reveals

An article from Business Wire on 5/17/11, found on thestreet.com, begins by saying this ……

U.S. chief financial officers (CFOs) of middle-market companies are becoming more positive on the state of the industries in which they operate, as well as on the outlook for growth, according to the latest GE Capital survey of middle-market CFOs. In fact, their level of optimism has increased substantially since they were first surveyed in January 2010.

“As we continue to track CFO sentiment, it’s clear that top line growth for middle-market companies is improving. CFOs are more optimistic than they were a year ago, which is evident in their plans to invest in their people and infrastructure,” said Dan Henson, president and CEO of GE Capital, Americas. “This is consistent with the uptick in demand we’re seeing across our lending and equipment leasing businesses. Our first quarter financing volume was up 83 percent versus the same period a year ago, reflecting much improved activity levels.”

The survey, which took place during the first quarter of 2011, included responses from 530 CFOs of companies with revenues ranging from $50 million to $1 billion and operating across seven major industries, including: (1) metals, mining and metals fabrication; (2) food, beverage & agriculture; (3) general manufacturing; (4) healthcare; (5) retail; (6) technology & business services and (7) transportation.

You can access the complete article by clicking on this link ……


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