Top finance executives gave the economy its highest score in five years and were significantly more confident about economic growth in 2013 compared to last year, according to a new survey that found more of them indicated their companies are expanding globally.
Executives who participated in Bank of America Merrill Lynch’s 2013 CFO Outlook Mid-Year Update gave the U.S. economy an average score of 58 out of 100, up from 49 in the previous survey conducted in late 2012. CFOs gave the global economy a score of 51, up from 45. The survey was conducted by Granite Research Consulting, which interviewed 250 CFOs, finance directors and other executives selected randomly from U.S. companies with annual revenues between $25 million and $2 billion. Interviews were conducted from late April to late May 2013.
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