Citing the Duke University/CFO Global Business Outlook survey, Bloomberg reported that confidence fell to 60.3 in December, down from 63.7 at the end of 2014.
Bloomberg noted that the drop in economic confidence is a major reason for tempered equipment spending plans in 2016.
Additionally, according to Bloomberg, the survey said that 26.1% of CFOs were “upbeat” about the economy, a marked drop from the 50.3% mark reached last year.
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