The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

US CFOs give thumbs-up to 2004

CFOs in the US have recorded the highest level of economic optimism ever registered in the ‘CFO Outlook Survey’ conducted by Financial Executives International (FEI) and the Duke University’s Fuqua School of Business.


Corporate investment is expected to be the most positive area of impact on corporate America as almost 90% of CFOs look forward to a healthy 2004; improved employment figures and a favourable interest rate environment are other factors identified as beneficial for economic growth.


“Corporate America is beginning to loosen its purse strings, and they’re beginning to hire as well,” said John Graham, a finance professor at Duke University. “There are key drivers to a robust economy.”


Almost two-thirds of CFOs think capital spending will see an average increase of 5%, while the expected increase in technology spending stands at 6%. More encouraging still is news that 88% of respondents expect corporate earnings to increase by an average of 14% in 2004.

The survey, carried out in December, polled over 230 US CFOs from corporates across a broad range of industries.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree