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CFOs Report Optimism About Economic Growth
“This pick-up in optimism is evident in the robust expectations firms have for revenue and employment growth in 2021,” said Brent Meyer, senior advisor and economist at the Federal Reserve Bank of Atlanta. “Most firms also anticipate economic growth for reasons separate from the American Rescue Plan Act—the majority of respondents did not expect the fiscal relief plan to impact employment or revenue growth.”
News Release | Data & Results – Q1 2021
Special Question on Fiscal Stimulus
The CFO Survey: A Window into the Past and the Future
Hear the latest results of the CFO Survey and learn more about what makes the survey unique from three members of the team that produces it each quarter. Sonya Waddell is a vice president and economist at the Richmond Fed. She manages the Regional and Community Analysis team within the Research Department. Brent Meyer is a policy adviser and economist at the Federal Reserve Bank of Atlanta and leads the Bank's Economic Survey Research Center. John Graham is a finance professor at Duke University and is director of the CFO Survey.
Audiences: Business Leaders, Economists, General Public, Policymakers
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Optimism Shows Marked Increase in First Quarter
When survey participants were asked between March 15 and March 26 to rate the financial prospects of their firms on a scale from 0 to 100, the average optimism level was 73.2. When asked to rate their optimism about the overall U.S. economy, the average index was 67.7, which was a marked increase from the 61.6 reading in the fourth quarter.
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