Last quarter’s responses hinted that the Australian economy was at a turning point as optimism levels bounced back into positive territory.
The results from Deloitte’s Q1 2013 CFO Survey Q1 2013 have further supported this as CFOs expressed a more upbeat outlook of the global picture.
Only 34% of CFOs cited the slowdown in China as a concern, and similarly, only 25% of CFOs were worried about U.S. economic uncertainty following easing concerns over the fiscal cliff.
Additionally, the impact of lower interest rates is being reflected in more positive attitudes towards risk, credit and funding.
As a result, CFOs are more confident, but they aren’t enjoying the sun just yet. Caution still characterises many business strategies.
The outlook for M&A remains overcast with most CFOs focused on more pressing priorities or not actively seeking out opportunities.
|Partly sunny with a chance of showers|
|Proceed with caution|
|The glass half full but CFOs not ready to drink: Q2 2012|
|Optimism bounces back: Q1 2012|
|CFOs still nervous: Q4 2011|
|Batten down the hatches: Q3 2011|
|Short term caution, long term optimism: Q2 2011|
|A Show of Resilience: Q1 2011|
|Opportunities and challenges: Q4 2010|
|The long haul to recovery?: Q3 2010|
|Confidence is key: Q2 2010|
|Banking on credit: Q1 2010|
|Geared for growth: Q4 2009|
|Cautious optimism: Q3 2009|