Bloomberg News

U.K. CFOs Less Pessimistic on Economy: Deloitte

April 01, 2012

U.K. finance directors are less pessimistic about the economic outlook as optimism about companies’ finances rose at the fastest rate since at least 2007, according to a quarterly survey by Deloitte LLP.

Thirty percent of 136 chief financial officers at some of Britain’s biggest companies questioned in the study predict the economy will fall back into recession, Deloitte said in an e- mailed statement released in London today. That compares with a result of 54 percent in a December survey.

The proportion of CFOs expecting one or more countries to exit the euro-area this year dropped to 26 percent from 37 percent, the business-services company said.

Deloitte carried out the survey, which included finance directors at 39 members of the FTSE 100 Index and 53 FTSE 250 Index companies, between March 9 and March 26.

To contact the reporter on this story: Scott Hamilton in London at shamilton8@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net


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