Overall CFO Optimism Fell in July...

11.08.2011

By mid-August standards it may seem like ancient history. But in other FEI/Baruch survey results:

Hiring of additional employees at their own companies in the next six month was foreseen by 57% of U.S. CFOs. (The majority of European CFOs said they did not have hiring plans.)

Among U.S. finance chiefs, 27% believed a recovery had begun to occur, and 55% predicted that a recovery wouldn't take place until the second half of 2012 or beyond.

Nearly half (46%) of U.S. CFOs said raising the debt ceiling would have a negative impact on the economy, although 27% felt there would be no impact, and another 27% saw the result of raising the ceiling as positive.

The largest percentage of U.S. CFOs (43), asked to assign a grade to Fed Chairman Ben Bernanke for his actions (into July) responding to the U.S. financial situation, gave him a "B."