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North American corporate finance leaders’ confidence dropped considerably in the year’s second quarter as economic and geopolitical uncertainties persist, according to Deloitte survey results published today. The Big Four firm's latest CFO Signals Report, which surveyed 200 CFOs in North America at groups with at least $1bn in revenue, found that only one in three think it’s a good time to take on greater risk as they seek to grow their business, down from 60% earlier this year. The respondents accompanied their increased caution with lowered projections for revenue, earnings, and capital investments. In North America, only 23% of CFOs rated the regional economy as “good now,” compared to 50% in the firm’s first-quarter survey. Internally, they cited hiring or retaining talent, lacking agility, and managing costs as top concerns for the second quarter, according to the latest results.
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