Deloitte yesterday released the results of surveys run by its member firms in 20 European countries for the autumn edition of the European CFO Survey, giving the views of 1,373 CFOs.
 
The survey shows that CFOs are getting increasingly worried about the levels of financial and economic uncertainty, with 71% of Ireland’s CFOs rating the overall level of uncertainty as high. This is being driven by a number of factors including uncertainty around Brexit and global trade tensions. 

This has made CFOs more cautious with a greater proportion of focus going on internal development as opposed to M&A. 
 
A shortage of skilled professionals is the third most significant risk in the minds of Irish CFOs. Deloitte say this is unsurprising, as the Irish economy approaches full employment, which has not been seen since prior to the economic crisis in 2008.
 
Sixty four percent of CFOs in Ireland say they plan to increase capex, the highest across the 20 countries, compared to a low of 11% in the UK.
 
Source: www.businessworld.ie