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89%MANUFACTURING CFOs 
expect the U.S. economy to either 
IMPROVE or STAY THE SAME 
o v e r t h e n e x t s i x m o n t h s 
2013 CFO Survey 
89% MANUFACTURING CFOs 
expect the manufacturing industry’s 
financial prospects to IMPROVE 
o v e r t h e n e x t s i x m o n t h s 
Energy: 
47% expect an increase 
Raw Materials: 
56% expect an increase 
Insurance: 
(property, casuality 
and liability) 
56% expect an increase 
Talent 
34% 
ACCEPT 
25% 
TAX RATE 
in exchange for giving up 
CURRENT TAX BENEFITS 
(accelerated depreciation, Section 199, 
research credit, LIFO accounting, etc.) 
20% 
Manufacturing CFOs willing to accept a 
41% 
TAX REFORM 
Top two issues Manufacturing CFOs said pose the greatest 
bottleneck in making decisions that would help growth 
43% 
FUNDING the 
GOVERNMENT 
66% 
six months ago 
76% 
six months ago 
bonuses, stock options, 401K 
retirement plan contributions 
would remain the same as last year 
65% t h o u g h t t h a t 
SALARIES 
would increase 
Cost of compliance 
37% MANUFACTURERS 
34% 
six months ago 
plan to increase their 
headcount during that 
same time period 
UP 
43% 
See benefits 
INCREASING 
HEALTHCARE 
BENEFITS 
13% 
SIGNIFICANT 
cost increases 
Examined CFOs and other senior financial 
executives across the United States. We found that: 
75%MANUFACTURING CFOs 
DON’T see the forthcoming revenue 
recognition standard to change 
the numbers they currently report 
66% Don’t expect new standards to affect the 
costs of measuring and reporting revenue 
46%MANUFACTURING CFOs 
are NOT adopting the temporary 
IRS issued “repair” regulations; 
44% 
NOT 
sure 
Economy and industry Maximizing margin 
43% 13% 
DON’T ACCEPT 
43% 41% 
Content in this publication is not intended to answer specific questions or suggest suitability of action in a particular case. For additional information on the issues discussed, consult a Grant Thornton LLP client service partner. 
© 2013 Grant Thornton LLP All rights reserved U.S. member firm of Grant Thornton International Ltd

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CFO survey reveals optimism among manufacturers

  • 1. 89%MANUFACTURING CFOs expect the U.S. economy to either IMPROVE or STAY THE SAME o v e r t h e n e x t s i x m o n t h s 2013 CFO Survey 89% MANUFACTURING CFOs expect the manufacturing industry’s financial prospects to IMPROVE o v e r t h e n e x t s i x m o n t h s Energy: 47% expect an increase Raw Materials: 56% expect an increase Insurance: (property, casuality and liability) 56% expect an increase Talent 34% ACCEPT 25% TAX RATE in exchange for giving up CURRENT TAX BENEFITS (accelerated depreciation, Section 199, research credit, LIFO accounting, etc.) 20% Manufacturing CFOs willing to accept a 41% TAX REFORM Top two issues Manufacturing CFOs said pose the greatest bottleneck in making decisions that would help growth 43% FUNDING the GOVERNMENT 66% six months ago 76% six months ago bonuses, stock options, 401K retirement plan contributions would remain the same as last year 65% t h o u g h t t h a t SALARIES would increase Cost of compliance 37% MANUFACTURERS 34% six months ago plan to increase their headcount during that same time period UP 43% See benefits INCREASING HEALTHCARE BENEFITS 13% SIGNIFICANT cost increases Examined CFOs and other senior financial executives across the United States. We found that: 75%MANUFACTURING CFOs DON’T see the forthcoming revenue recognition standard to change the numbers they currently report 66% Don’t expect new standards to affect the costs of measuring and reporting revenue 46%MANUFACTURING CFOs are NOT adopting the temporary IRS issued “repair” regulations; 44% NOT sure Economy and industry Maximizing margin 43% 13% DON’T ACCEPT 43% 41% Content in this publication is not intended to answer specific questions or suggest suitability of action in a particular case. For additional information on the issues discussed, consult a Grant Thornton LLP client service partner. © 2013 Grant Thornton LLP All rights reserved U.S. member firm of Grant Thornton International Ltd