The persistent one Economic downturn has the CFOs of many Austrian companies the mood is spoiled: sales are stagnating or even declining, and there is little hope of improvement. Two out of five board members want to do this in the next half year reduce staff, as a survey by the consulting firm Deloitte has shown.
Twice a year, Deloitte surveys the mood among Europe’s CFOs, including top CFOs from Austria. For the current survey, 1,839 were surveyed across Europe and in Austria 73 CFOs interviewed. The results show that the mood has deteriorated further since the last survey in the spring.
“Even though inflation is now at a low level again, the uncertainty in the Austrian economy continues,” says the auditor and tax consultant Gerhard Marterbauer, Partner at Deloitte. More than half of the Austrian respondents value the general economic uncertainty now as hoch a. In the spring it was still 40 percent. Two-thirds of CFOs say their personnel costs will increase in the next six months. Two out of five want to cut jobs.
In addition to the negative economic outlook, managers are particularly concerned about AI-supported issues Cyber attacks and increasing regulation headaches. Only a third currently see increasing investments as an important business strategy.