Chief financial officers of U.S. companies expect an increase in capital spending, employment and offshore work outsourcing in the next 12 months, according to a quarterly survey by Financial Executives International and the Duke University's Fuqua School of Business.
Capital spending will increase by an average of 11% through March 31, 2005, according to the survey of 216 CFOs. Almost 75% predicted their companies would increase staff through next March, while 7% expected to reduce employment during the same time period. One-quarter of CFOs said their companies employ workers outside the U.S.; overall, 27% of CFOs expect offshore employment to rise over the next 12 months.
