What Landing? CFOs’ Economic Outlook Improves in First Quarter of 2024
Financial decision-makers notably increased their expectations for real GDP growth in 2024, and their optimism about the overall U.S. economy also increased.
Revisions to The CFO Survey Data
CFO Survey data from Q2 2020 to Q4 2024 have been revised in accordance with an annual revision process. Revised historical data are available for download. Comparisons of revised and previously published estimates are also available.
Historical special question results are unrevised and available on archived quarterly results pages.
For more information on the annual data revision process, please refer to The CFO Survey Methodology.
Special Questions on Automation
The first quarter survey asked firms about implementing software, equipment, and/or other technology to automate tasks previously completed by employees.
Among firms that automated tasks over the last 12 months, close to 40 percent noted that automation caused them to either slow the rate of new employee hiring, to decline to fill open positions, or to lay off employees.
For additional discussion of these results, visit our Research & Commentary section.
Special Questions on Firm Activity Relative to Norms
To better understand how firm activity compares to pre-pandemic norms, the CFO survey asked firms to compare their 2024 expected growth in revenue, prices, and employment to growth rates prior to the Covid-19 pandemic.
Over half of firms expect their price growth in 2024 to remain above pre-COVID levels.
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