Aussie CFO sentiment surges to decade high

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Deloitte has released its 10th biannual CFO Sentiment survey covering the second half of 2020.

The survey shows that CFO sentiment has surged to a decade high on the back of the economy’s “V-shaped” recovery, including the strong rebound in employment and decade high consumer confidence.

72% of CFOs are now feeling optimistic or highly optimistic about the financial prospects of their companies, whereas more than half (53%) are willing to take more risk onto their balance sheets.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.