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A survey of chief financial officers conducted by various institutions, including Duke University and the Atlanta Fed, reveals that companies are increasingly turning to automation to cut costs and improve quality control. The adoption of automation is driven by the desire to save on wage costs, with a majority of companies maintaining or slowing down hiring as a result. The survey also indicates a surge in revenue growth expectations and a rise in prices, while employment growth is expected to ease in the coming year.
Over the last few months, business sentiment towards revenue growth expectations has picked up and sales growth uncertainty has ticked down. From the Atlanta Fed's Business Uncertainty Index: https://t.co/If0iJQB656
1Q2024 CFO survey from @DukeU, @RichmondFed, and @AtlantaFed shows significant improvement in expectations for revenue growth in coming year … prices are also expected to rise at a quicker pace while employment growth is expected to ease https://t.co/yhP7nArWl7
1Q2024 CFO survey from @DukeU, @RichmondFed, and @AtlantaFed shows that monetary policy and labor quality/availability still dominate as top concerns … labor cost is at bottom of list https://t.co/rbMSs2S9zU
