Within manufacturing sector, two-thirds of CFOs plan to raise prices, nearly doubling the number from six months ago
CHICAGO, April 20, 2011 - In a national survey of U.S. Chief Financial Officers (CFOs) and senior comptrollers conducted by Grant Thornton LLP, the U.S. member firm of Grant Thornton International Ltd, there is growing optimism about the U.S. economy as 48% say it will improve over the next six months (up from 30% six months earlier). However, concern grows over inflation, as 50% say their company intends to raise prices for its goods, up from 31% six months earlier and 24% one year ago.
While still tepid, 39% intend to increase head count (up from 28% six months earlier), and 54% are optimistic about their own company over the next six months (up from 46%).
Regarding the Japan disaster, 94% say it will impact the U.S. economy and the majority believes that Japan will not fully recover for at most 3-5 years.
Grant Thornton LLP conducted the biannual national survey from March 22 through April 6, 2011, with 318 U.S. CFOs and senior comptrollers participating.
|Over the next six months, do you expect the U.S. economy to:|
|Remain the same||46%||41%||45%||56%||42%|
|Over the next six months, do you expect your company’s financial prospects to:|
|Remain the same||41%||43%||41%||45%||37%|
|Over the next six months, do you expect prices or fees charged by your company to:|
|Remain the same||70%||67%||67%||62%||44%|
|Over the next six months, do you expect your headcount to:|
|Remain the same||43%||54%||49%||51%||42%|
|Are you concerned about a double-dip recession?|
|How long do you think it will take the Japanese economy to recover fully from the recent earthquake and tsunami?|
|Less than a year||5%|
|Longer than 5 years||21%|
|Do you believe that the U.S. economy will be impacted by the situation in Japan?|
* Percentages may not total 100 due to rounding.
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