18
MARKET REVIEW
…
Improving
sentiment
20%
25%
30%
35%
40%
56%
10
Q3
10
Q4
11
Q1
11
Q2
11
Q3
11
Q4
12
Q1
12
Q2
12
Q3
12
Q4
13
Q1
13
Q2
13
Q3
Defensive strategies
Expansionary strategies
CFO priorities:
Expansionary vs. defensive strategies
(
Source: Deloitte CFO Survey September 2013)