CFOs optimistic about economy; worried about inflation

More than 60 percent of the chief financial officers of Southeast companies are optimistic about the U.S. economy, but inflation is a growing concern, according to a new survey released today by the U.S. member firm of Grant Thornton International Ltd., global audit, tax and advisory organization.

Sixty-one percent of the CFOs from the Southeast (Alabama, District of Columbia, Florida, Georgia, Maryland, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, West Virginia ) believe the economy will improve in the next six months.

That’s almost double the percentage of optimistic CFOs (31 percent) in the previous survey six months ago.

Nationally, 48 percent of the CFOs surveyed said the economy would improve in the next six months, up from 30 percent in the previous Grant Thornton survey.

Although the survey shows growing optimisim about the overall economy, the rising cost of energy and raw materials has CFOs worried about inflation.

Fifty-four percent of the Southeast CFOs said their company will in the next six months raise the prices they charge for the goods they sell.

Nationally, 50 percent of CFOs said their prices will go up.

Grant Thornton national CFO survey results