CFOs forecast rise in capital and technology spending

A rise in capital investment of up to 14% and a 12% boost to technology spend has been forecast at US corporates over the next year, according to the latest CFO Outlook Survey produced by Financial Executives International. This compares favourably with figures from the previous quarter, where CFOs predicted respective rises of 8% and 7%. The bullish outlook on capital and technology spend is in contrast to the majority of CFOs (56%) who are feeling the impact of rising producer prices from the last quarter. More than three quarters of those CFOs ? 77% - will pass on at least half or all of the increased costs to customers.