What a quarter of the difference.
In the last quarter, the largest fears of the financial manager were talents, monetary policy and inflation, according to a survey conducted by the Federal Reserve in Richmond. This quarter,Definitions and commercial policyIt is what keeps them at night.
Definitions emerged as the highest concern for financial managers from 400 companies that conducted the survey, followed by inflation and monetary policy. About 25 % of the financial manager said they intend to reduce employment in response to definitions, and 25 % also said they reduced capital spending. Although Half said they did not make any changes to suppliers due to customs tariffs, 27 % were planning to diversify suppliers and 20 % were accelerating purchases.
Sonya Ravenwarand, Vice President and Economists in Richmond, said in a press statement that the respondents who were concerned about the customs tariff “had significantly optimism, fewer expectations for GDP growth, low expectations for revenue and employment growth, and higher prices for price growth in 2025”.
The optimism of the financial manager about the economy increased in the last quarter, partly due to the elections, but it decreased this quarter, as it decreased from 66.0 to 62.1 on the Richmond Virus index. Malians are still greatly optimistic than in June 2022, when the index reached 50.5, its lowest point since 2011.
The Financial Director also stated that he is a more pessimistic feeling about the prospects of their companies next year. And the word for a moment –suspicionBecause there are five fears of the financial manager for the first time in the poll date.
This report wrote Courtney Vian Be It was originally published by Financial drink.
This story was originally shown on Fortune.com
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