Financial officers’ confidence in their firms slides as euro crisis drags on

Business confidence has fallen in Ireland with only one in five Irish chief financial officers now optimistic about their company’s financial future as the euro crisis drags on.

The findings of the Deloitte survey of chief financial officers on the second quarter of 2012 showed their confidence down more than 10% in the second quarter of the year.

Despite this, 51% of CFOs expect turnover to have increased in the next six months, down slightly from 53% last quarter. Some 46% also expect profitability to rise within six months.