Finance chiefs’ confidence surges

There has been a surge in confidence in the prospects for the economy among finance executives of the country’s biggest companies.

In 2012, only 11% of chief finance officers were positive about the outlook for the economy, whereas this year that figure has risen to 43%, according to a major survey by PwC.

Other findings in the 2013 Chief Finance Officers Survey include three-quarters of all finance executives expect revenue to grow this year, which is up from 59% for the same question last year, while 65% expect profits to grow compared with 55% last year.