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1st Q 2013 USA: Pace of cash accumulation decelerated and likely to slow further in 2nd quarter

The pace of corporate cash accumulation decelerated during the first quarter of 2013, according to April 2013 AFP Corporate Cash Indicators™, a quarterly study that measures recent and anticipated changes in U.S. corporate cash balances. Fewer companies continued to build cash and short-term investment balances during the first quarter of 2013 compared to a year ago. Thirty-eight percent of respondents said they increased their balances of cash and short-term investments over the quarter, whereas 28 percent said they reduced their cash and short-term investment balances. This +10 reading (38% minus 28%) is down a bit from the +13 reading of Q1/2012.

The forward looking indicator measuring expectations for increasing cash during the second quarter of 2013 remained negative as it ticked down a point to -5, which was only its third negative reading recorded in the history of the AFP CCI™.

 

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