Chief financial officers' optimism about the economy and their own companies' prospects is the lowest it has been during the past 12 months, according to a survey of Financial Executives International members.

According to a second quarter survey of 186 CFOs conducted by FEI and Baruch College's Zicklin School of Business, the CFO Optimism Index of the economy is now 68.66, down 7 percent from a year ago. The Optimism Index of CFOs' own companies' prospects registers 74.09, a smaller drop of 3 percent from last year.

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