A national survey of CFOs conducted by Chicago-based Grant Thornton, LLP, finds that economic optimism is plummeting as companies are scaling back hiring and increasing the prices or fees they charge for the products and services they sell.  

 

Companies in the Northeast region, including Connecticut, echoed the national survey findings — and if anything were more pessimistic than their peers elsewhere in the country:

 

• 90 percent of chief financial officers at Northeast companies surveyed said they expect the U.S. economy to remain the same or get worse over the next six months.

 

• 75 percent of Northeast companies surveyed expect financial prospects to remain the same or get worse over the next six months.

 

• 90 percent of Northeast companies surveyed expect the prices or fees they charge to remain the same or increase over the next six months.

 

• And 76 percent of Northeast companies surveyed expect their number of employees to remain the same or decrease over the next six months.

 

Nationally, less than a quarter (22 percent) of CFO’s surveyed said they expected their companies to increase headcount over the next six months.