IDEAS home Printed from https://ideas.repec.org/p/fip/r00034/101319.html
   My bibliography  Save this paper

What’s Ahead? Learning From The CFO Survey

Author

Listed:
  • Tom Barkin

Abstract

Firms are currently navigating extraordinary uncertainty. The decisions they make about hiring, spending and investment will have implications for GDP growth, employment and inflation. Business sentiment surveys like The CFO Survey help us understand those decisions. The latest survey shows that CFOs are feeling slightly more optimistic than they were last quarter, although they remain concerned about demand and revenue. Firms also remain cautious about investing. The survey also suggests that employment will lag spending. Many firms have streamlined their operations in response to the pandemic, and others report that they are concerned about the “availability and quality of labor” despite high unemployment. CFOs also raised their expectations for wage and price increases in 2021, potentially due to supply chain challenges. If demand were to resurge, we could see pressure on near-term pricing.

Suggested Citation

  • Tom Barkin, 2020. "What’s Ahead? Learning From The CFO Survey," Speech 101319, Federal Reserve Bank of Richmond.
    • Handle: RePEc:fip:r00034:101319
    as

    Download full text from publisher

    File URL: https://www.richmondfed.org/press_room/speeches/thomas_i_barkin/2020/barkin_speech_20201015
    File Function: Speech
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fip:r00034:101319. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Matt Myers (email available below). General contact details of provider: https://edirc.repec.org/data/frbrius.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.