New Delhi (Business Standard): Amid subdued demand after goods and services (GST) implementation and demonetisation woes, the business confidence in India’s chief financial officers (CFOs) touch one-and-a-half-year low in the July-September period, reveals a survey.

The Composite CFO Optimism Index for Q3FY17 declined by 11 per cent year-on-year and by 5.7 per cent on a quarter-on-quarter basis, says Dun & Bradstreet Composite Optimism Index for Q1 2017.

Only 41 per cent of the CFOs expressed optimism about liquidity position of their companies — the lowest since Q2 (April-June) 2014.

The study, which covered 300 respondents, said that optimism among the CFOs deteriorated more for the financial performance of their companies compared to overall macroeconomic conditions. Fifty-seven per cent of CFOs expects selling prices to remain unchanged.

Optimism on net sales and net profits were found to be lowest in 33 quarters, barring Q1 2017.


Please enter your comment!
Please enter your name here