Editorial & Advertiser Disclosure Global Banking And Finance Review is an independent publisher which offers News, information, Analysis, Opinion, Press Releases, Reviews, Research reports covering various economies, industries, products, services and companies. The content available on globalbankingandfinance.com is sourced by a mixture of different methods which is not limited to content produced and supplied by various staff writers, journalists, freelancers, individuals, organizations, companies, PR agencies Sponsored Posts etc. The information available on this website is purely for educational and informational purposes only. We cannot guarantee the accuracy or applicability of any of the information provided at globalbankingandfinance.com with respect to your individual or personal circumstances. Please seek professional advice from a qualified professional before making any financial decisions. Globalbankingandfinance.com also links to various third party websites and we cannot guarantee the accuracy or applicability of the information provided by third party websites. Links from various articles on our site to third party websites are a mixture of non-sponsored links and sponsored links. Only a very small fraction of the links which point to external websites are affiliate links. Some of the links which you may click on our website may link to various products and services from our partners who may compensate us if you buy a service or product or fill a form or install an app. This will not incur additional cost to you. A very few articles on our website are sponsored posts or paid advertorials. These are marked as sponsored posts at the bottom of each post. For avoidance of any doubts and to make it easier for you to differentiate sponsored or non-sponsored articles or links, you may consider all articles on our site or all links to external websites as sponsored . Please note that some of the services or products which we talk about carry a high level of risk and may not be suitable for everyone. These may be complex services or products and we request the readers to consider this purely from an educational standpoint. The information provided on this website is general in nature. Global Banking & Finance Review expressly disclaims any liability without any limitation which may arise directly or indirectly from the use of such information.

CFO SURVEY – COMPANIES SEE SIGNS OF RELIEF AND GROWTH OPPORTUNITIES

  • Increased optimism in all sectors
  • Less concern on uncertainty in business environment
  • M&A a continued top priority
  • Every third company plans to increase workforce – highest level since 2011

The Deloitte/SEB CFO Index for spring 2017 increased from 54.1 to 58.2 – which is the most positive result since May 2011. The survey shows a marked increase in optimism among Swedish Chief Financial Officers. Above all, CFOs in the manufacturing sector – which used to be the least positive sector – show much greater optimism.

“The former notable difference in optimism between companies with domestic and international focus is no longer there. This suggests a broader recovery in the Swedish economy, where growth for the manufacturing sector has improved with increased international demand,” says Karl Steiner, Senior Strategist at SEB.

The external uncertainty is seen as somewhat lower now than in autumn, and companies show generally less concern about factors that could affect them. Above all, worry is decreasing for negative impact from macroeconomic and political factors. This shows good resilience toward the troubling political situation of a new US President with a not quite fully known economic agenda and the important upcoming elections in Europe. As for the cost of raw materials, worry has increased, which is natural given the large cost increases that various indicators have shown in the past six months and which are a further sign of increased demand and stronger growth.

Just as company’s anticipated last autumn, M&A activity has remained at very high levels. In line with other studies, CFOs maintain M&As as a top priority for the next 12 months, and in this spring’s survey, there is also a greater willingness to invest abroad.

“An additional sign of rising optimism is that CFOs  express a greater willingness for new recruitment. As many as one-third of respondents plan to increase the number of employees in Sweden over the next six months, which is the highest proportion since 2011,” says Henrik Nilsson, Partner at Deloitte, adding that this is an offensive sign after several years with focus on cost cutting and efficiency improvements.

The survey shows that a large percentage of companies have suffered cyber threats (69%), but there is great potential for improvement in how these are managed. Only a small proportion (14%) consider themselves to be very well equipped to identify and deal with such threats.