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Tatum Monthly Review Suggests Conditions Worsened in September

Tatum Monthly Review Suggests Conditions Worsened in September

A recent monthly CFO measurement conducted by Tatum indicates that finance chiefs have lower expectations for October and November following a worse-than-anticipated September in terms of capital availability.

The percentage of CFOs who said capital availability grew worse in September increased to 23 percent in September from 16 percent in August, according to the survey. Additionally, 24 percent of respondents expected to see a worsening over the next few months, as opposed to 19 percent who anticipated an improvement.

CFO World reports that in addition to capital availability, the outlook on overall business conditions appeared darker in September, while hiring prospects and capital spending expectations varied.

According to the Tatum survey, the majority of finance chief respondents were from the manufacturing, services and healthcare sectors, with the Southeast and Southwest being the most represented geographic regions.

The Tatum report follows a recent study suggesting that the optimism of CFOs in the UK has also taken a hit recently, according to Deloitte LLP.