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CFOs see bleak business prospects

Roy Harris | Nov. 11, 2011
CFO concern about overall U.S. business conditions remained extremely high in October, according to the monthly survey results just in from corporate-finance services and recruiting firm Tatum.

In other business indicators, an improvement in order backlogs for October was registered by 14%, down from 25% in the prior month, while those reporting worsened backlogs rose to 23% from 20%. Reflecting some hope for the year-end, 39% did expect backlog improvement in the next two months, up from 31%, while those saying they expected worsening backlog levels fell sharply, to 12% from 21%.

Expectations for capital availability were mixed, with those expecting improvement in the next two months falling to 12% from 19%, and those expecting a worsening also declining, to 12% from 24%.

 

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