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The upward trend in optimism has slowed significantly in the latest CFO Survey. The results highlight that the uncertainty around Federal Government policy, the recent uptick in the value of the Australian dollar, as well as the continuing concerns over the multi-speed economy have conspired to take the edge of the previous quarter’s positive momentum, resulting in a decline in business confidence.
Interestingly, although this quarter’s results show optimism has hit a speed bump, CFOs views on underlying business metrics for the coming year remain strong as they continue to expect growth for their businesses.
When asked about the impact of the recent Federal Budget announcements, the views of Australian CFOs seem to suggest that the tough messages delivered through the Budget are challenging for the wider Australian economy, but that the fiscal repair being undertaken by the government is necessary.
|Momentum hits a speed bump Q2 2014|
|An appetite for growth Q1 2014|
|Ready, steady … Q4 2013|
|Don't worry, be happy: Q3 2013|
|Just when you thought it was safe to go back in the water: Q2 2013|
|Partly sunny with a chance of showers: Q1 2013|
|Shifting gears? Q4 2012|
|Proceed with caution: Q3 2012|
|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|