Despite acknowledging the impact of higher producer prices, chief financial officers expect higher capital and technology spending at their companies during the next 12 months, according to a recent survey.
The 185 corporate CFOs surveyed this month expect capital spending at their companies to increase by 14 percent in the next year, compared to an 8 percent increase predicted last quarter. Survey respondents forecast a 12 percent rise in technology spending versus 7 percent last quarter, according to the "CFO Outlook Survey" conducted by Financial Executives International and Baruch College's Zicklin School of Business.
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