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Reuters: 75% of Executives Will Need Financing for Capital Investments

April 09, 2012, 08:00 AM
Filed Under: Economy

Reuters reported that executives of mid-sized U.S. businesses are more optimistic about the national economy than they were a year ago, and many now expect to need financing for investment, according to a survey by JPMorgan Chase & Co.  JPMorgan surveyed financial decision makers at companies with annual revenue of $10 million to $500 million.

According to the report, the bank found 49% of executives surveyed were upbeat about the economic outlook which reflects 10% more than in a similar survey last year. Roughly 79% were optimistic about their own company's performance in 2012, up from 72% last year.

"The mood out there has shifted," said Doug Petno, chief executive officer of the company's commercial bank.

The JPMorgan survey said 75% of executives polled anticipate that they will need financing this year for capital equipment, facilities, acquisitions, software and working capital.

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