December 23rd, 2011
Econintersect: The latest quarterly results from McKinsey’s business poll found that executives’ expectations for corporate profits have improved since September. That’s good news, but the latest results are still below those of June. An improvement in profits over the next six months is now expected by 56% of those polled, up from 45% in September. The poll was conducted December 5-9, 2011 and responses were received from 2,229 participants.
McKinsey found that 35% of respondents expected long-term economic integration of Europe and 28% (only 15% of those in Europe) expected either a near-term or long-term break-up. This is specifically mentioned in the report:
The share saying their companies are postponing capital investments or M&A has risen somewhat since June, perhaps an indication that many are waiting to see how the eurozone crisis plays out
Source: McKinsey Quarterly