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Mid-Market CFOs More Positive About Industries, Businesses

Mid-Market CFOs More Positive About Industries, Businesses

Over the past six months, chief financial officers of mid-market companies in the U.S. have become increasingly positive about the status of their businesses and the industries in which they operate, according to a recent survey conducted by GE Capital.

The survey, which included

Over the past six months, chief financial officers of mid-market companies in the U.S. have become increasingly positive about the status of their businesses and the industries in which they operate, according to a recent survey conducted by GE Capital.

The survey, which included responses from 495 CFOs at companies across a number of major industries with an average revenue of $143 million, found that concerns over the European debt crisis mounted during the first quarter, while healthcare and raw materials costs were cited as major threats to businesses.

"Mid-market CFOs are more optimistic than six months ago, despite the European fiscal crisis and inconsistent job growth," Dan Henson, president and CEO of GE Capital, Americas, said in a statement. "A larger majority sees top-line growth and stable or better profits this year, and more will be hiring. These companies have access to affordable capital, which in 2012 is most likely to be targeted for investment to finance growth and to purchase equipment."

Bloomberg Businessweek reports 94 percent of mid-market CFOs believe the U.S. economy will either grow or remain stable this year.

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