In a recent survey through Bank of America there is a generally positive and encouraging outlook for 2011 according to CFO’s. As global credit markets ease, CFO’s are taking notice. Over 60% of CFO’s are expecting revenue growth within their companies. With manufacturing and services at the forefront of the robust turnaround, many companies are looking to hire additional employees. Along with the new hires come additional R&D expenses, which will most likely push capital expenditures and borrowing needs comparable to pre-recession levels.
The majority of companies will seek financing this year. In terms of borrowing 24% of CFO’s believe their needs will increase.
*Source: Monitor Daily Feb. 2011
