PRINT THIS PAGE 2008 CFO Outlook13/02/2008. Source: Bank of America Business Capital.
In this year's CFO Outlook survey from Bank of America Business Capital, manufacturing CFOs see a strong economy today, but are cautious as they look ahead to 2008. Less than half of the CFOs surveyed predict the US economy will expand next year and less than
a quarter believe it will outperform the world economy. However, a majority of CFOs believe the actions taken by the Federal Reserve Board over the past year have helped the economy and that there will be further rate cuts in 2008. Challenges are also evident in manufacturing with the same percentage of CFOs expecting the sector to contract as expand in 2008. A majority of CFOs continue to express concern primarily about the cost of energy, raw materials and healthcare, with 80% saying that the rise in energy costs will impact their product pricing in 2008. However, the sales and profit outlook continues to be positive and all indications are that corporate balance sheets are healthy.
Click here to view the full document (pdf 595kb) You need Adobe Acrobat to read this document. If you do not have it, you can download it free from www.adobe.com/products/acrobat/readstep.html
Asset-based lender Bank of America Business Capital serves mid-size and large companies in the manufacturing, wholesale, distribution and service sectors throughout the US, Canada and Europe. Loans are typically $10m and more supporting growth, working capital, M&A, leveraged buy-outs, capital expenditures, recapitalisation, restructuring, turnarounds, debtor-in-possession and exit financing. For more information visit www.bofa.com.
|
