Survey finds CFOs expect slowdown in employment, capital spending

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Durham, N.C.—Citing inflationary pressures on oil and health care costs, CFOs say that employment and capital spending will slow over the next year, according to the June 2005 Duke University/CFO Magazine Business Outlook survey, which was released this week.

The survey generated responses from 602 CFOs, including 365 in the U.S., 153 in Asia and 84 in Europe. The survey found that among U.S. CFOs, business optimism was at a three-year low, with 40% of U.S. CFOs more optimistic about the economy than they were last quarter.

Health care costs, fuel prices, interest rates and reduced pricing power were the top four concerns of U.S. CFOs, according to the survey.

—Sean Callahan

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