Not since last spring have CFOs been this confident in the U.S. economy and their companies’ financial performances. According to the 2012 CFO Outlook Spring Update published by Bank of America Merrill Lynch (NYSE:BAC), 93% of the nation’s top CFOs are forecasting growth in 2012.
Here are a few more highlights from the report.
- The majority of CFOs surveyed — 64% — expect to see their revenues rise.
- About 50% project greater company profits, and 51% expect to be hiring in 2012.
- Prices for consumers will probably rise. About 57% of the CFOs said their companies will be increasing prices on products and services this year.
- More than 60% of CFOs are concerned about the effects oil prices and government leaders will have on the economy.
- Other financial concerns include rising energy and healthcare costs.
You can learn more about what CFOs expect the U.S. economy to look like later this year by reading the complete report.