CFO Outlook Positive, but Energy, Inflation Worries Grow

11.05.2011

In other highlights, 70% of U.S. CFOs and 71% of European ones felt the price of oil would be at least $140 a barrel or higher in six months, although the large majority weren't actively engaged in chaning behavior to reflect oil prices.

"Many of the events we've watched unford globally and localy have been both unprecendented and devastating," said FEI President Marie Hollein, "but CFOs overall have not felt a strong impact on their balance sheets just yet, as it perhaps is too soon to determine their direct influlecne on the business community."

She said that finance chiefs "will be closely eying macroeconomic issues like inflation and oil prices, which are being affected by these world events." Even if they haven't yet reacted, "it's certainly on their minds and it will be critical to watch what, how and when companies respond in the coming months."