(from Deloitte) North American CFOs' assessments of the economic health of their organizations dimmed slightly in the third quarter of 2017, due largely to concerns about U.S. political turmoil, global geopolitical conflict and Congress's ability to deliver upon key policy changes. Just under two-thirds — 64 percent — of surveyed CFOs rate North American economic conditions as good, up from 58 percent last quarter, but expectations dropped slightly for the European and Chinese economies. More dramatic were drops in expectations for earnings growth (from 8.7 percent to 7.9 percent) and capital spending (from 9 percent to 7.3 percent). The "net optimism index" was 29 percent, down from 44 percent in the last quarter.
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