August 26, 2009

Only one-third of financial services executives expect their industry will recover ahead of the national economic rebound, although 78% of them expect business conditions to improve in their sector in 2010, according to a new survey from KPMG LLP. As a comparison, two-thirds of technology executives in the survey believe their industry will recover more quickly than the national economy.

Silicon Valley-based executives were even more bullish, with 77% of them saying their recovery would outpace the nation's.The KPMG survey canvassed nearly 400 CEOs and C-Suite level executives in finance, technology, retail and food and beverage industries. Overall, 76% of them expect business conditions in their sector to be better one year from now.