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Broadcast
CNBC Closing Bell
John Graham and Don Durfee November 29, 2006
CNBC Europe Power Lunch Europe
Jason Karaian
March 13, 2006
Bloomberg Radio
April 7, 2006

CNBC Closing Bell
John Graham and Don Durfee March 7, 2006

Print/Online
Financial Times
Europe's CFOs are gloomier than US rivals

11 September 2008

 
Chicago Business
Spending spree lifts Illinois companies
April 10, 2006

Financial Times
Survey of Asian finance chiefs points to rise in cash holdings
March 8, 2006

APS
Wereldwijde enquete financieel directeuren
March 8, 2006

Associated Press
CFOs not concerned about inflation, according to survey
March 7, 2005

CFO.com
CFOs set to unleash spending 
March 7, 2006

 
Financial Times 2008 September
Financial Times
Europe's CFOs are gloomier than US rivals

11 September 2008

 
September Results 2008

Press Release in English

Press Release in Dutch

Prospects of regional economy
More optimistic
Less optimistic
USA
28.5%
48.5%
Asia ex-China
26.7%
59.0%
China
12.8%
67.4%
Europe
7.9%
67.9%

Prospects of your firm
More optimistic
Less optimistic
USA
32.3%
39.0%
Asia ex-China
40.7%
43.1%
China
23.1%
47.9%
Europe
22.8%
40.5%


Prospects of regional economy compared to previous quarters
 
Sept 2008
June 2008
March 2008
Dec 2007
 
Compared to last qtr.
Compared to last qtr.
Compared to last qtr.
Compared to last qtr.
Optimism about the country’s economy
More optimistic:
7.9%
Less optimistic:
67.9%
No change:
24.2%
More optimistic:
7.7%
Less optimistic:
63.5%
No change:
28.8%
More optimistic:
10.3%
Less optimistic:
59.8%
No change:
29.9%
More optimistic:
12.6%
Less optimistic:
56.0%
No change:
31.4%
Prospects of your firm compared to previous quarters
 
Sept 2008
June 2008
March 2008
Dec 2007
 
Compared to last qtr.
Compared to last qtr.
Compared to last qtr.
Compared to last qtr.
Optimism about own company
More optimistic:
22.8%
Less optimistic:
40.5%
No change:
36.7%
More optimistic:
26.4%
Less optimistic:
42.8%
No change:
30.8%
More optimistic:
34.1%
Less optimistic:
32.2%
No change:
33.6%
More optimistic:
37.4%
Less optimistic:
33.7%
No change:
28.9%





How will the following items change over the next 12 months?
 
Sept 2008
June 2008
March 2008
Dec 2007
 Weighted Averages for
Expected growth in next 12 months
Expected growth in next 12 months
Expected growth in next 12 months
Expected growth in next 12 months
Earnings growth*
+5.0%
+3.1%
+7.8%
6.6%
Capital spending
+0.8%
+2.9%
+3.7%
+4.9%
Technology spending
+2.6%
+3.3%
+8.8%
+3.9%
Advertising and marketing spending
+0.1%
-0.8%
+3.2%
+2.7%
Employment
+1.6%
-1.2%
-0.2%
-0.6%
Outsourced Employment
+5.4%
+2.9%
+3.0%
+1.5%
Wages and Salaries
+4.1%
+3.6%
+3.8%
+4.6%
Productivity
+2.9%
+2.4%
+3.3%
+3.5%
Inflation (Chg in prices of own-firm products)
+1.9%
+1.5%
+1.0%
+1.5%
Health Care Costs
+2.6%
+2.0%
+1.9%
+2.0%
Dividends*
-0.2%
+13.7%
+2.8%
+1.1%
Share Repurchases*
+0.5%
+3.3%
0.0%
+1.4%
Cash on balance sheet*
+5.0%
+4.3%
+8.8%
+1.2%
Mergers and Acquisitions
51.7% plan to acquire.
16.8% plan to sell part or all of firm.
Not asked
45.2% plan to acquire.
15.1% plan to sell part or all of firm.
47.6% plan to acquire.
16.8% plan to sell part or all of firm.
    

Top four macro concerns
Europe
USA
Asia (ex-China)
China
Consumer Demand
Consumer Demand
Consumer Demand
Consumer Demand
Cost of Non-Fuel Commodities
Credit Markets / Interest Rates
Cost of Fuel
Inflation
Credit Markets / Interest Rates
Cost of Fuel
Trade Policies and Trade Agreements
Continued Appreciation of the RMB
Cost of Fuel

Cost of Non-Fuel Commodities
Cost of Non-Fuel Commodities
Credit Markets / Interest Rates
Top four internal concerns
Europe
USA
Asia (ex-China)
China
Attracting and Retaining Qualified Employees
Attracting/Retaining Qualified Employees
Attracting and Retaining Qualified Employees
Attracting and Retaining Qualified Employees
Ability to Forecast Results
Ability to Forecast Results
Ability to Forecast Results
Ability to Forecast Results
Supply Chain Risk
Cost of Health Care
Supply Chain Risk
Supply Chain Risk
Managing IT Systems
Supply Chain Risk

Customers Paying More Slowly
Balance Sheet Weakness





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Summary Tables
Key Numbers

Full Europe Results Download the latest survey results for 2008 here!!
Download the latest survey results for 2008 here!! Download the latest survey results for 2008 here!!
Download the latest survey results for 2008 here!! Download the latest survey results for 2008 here!!
Download the latest survey results for 2008 here!!
 
CFO Survey Europe

Welcome to the European homepage of the

CFO survey.


In conjunction with Duke University & CFO magazine, Tilburg University / RSM Erasmus conduct a quarterly survey of CFO's opinions on the economy from both public and private companies around the globe.