Despite continued uncertainty and concerns about the economic and business environment, Europe’s chief financial officers (CFOs) remain generally optimistic about the potential for their businesses in the coming year, according to Deloitte’s latest European CFO Survey. Deloitte has collated the results of surveys run by its member firms in a total of 17 European countries for the Q3 2016 European CFO Survey, yielding the views of no less than 1,148 CFOs.
In total, 67% of Europe’s CFOs say that there’s a high level of financial and economic uncertainty facing their business, down one percentage point since Q1’s survey. These perceptions are highest in the UK and Germany, where 88% of CFOs report high uncertainty.
CFOs in Finland have the lowest levels of uncertainty, with just 36% reporting high levels of uncertainty. Russian CFOs have seen the largest decline, down from 72% in Q1 2016 to 47% in Q3.