YPO Global Pulse Survey: EU business leaders remain most confident in the world for third consecutive quarter
(Thomson Reuters ONE) -
LONDON - 10(th) May 2016 - YPO, the premier network of global business leaders
and chief executives, announced that business leaders in the European Union
remain more optimistic about business and economic conditions than their
counterparts anywhere else in the world. The YPO Global Pulse Confidence Index
for the EU witnessed a moderate increase of 1.1 points to a confidence index of
61.6 in the first quarter of 2016.
For the third consecutive quarter, EU business leaders recorded the highest
levels of economic confidence globally, as sentiment in most regions in the
world remained more cautious. This contrasts starkly with the situation from
2011-2013, at the height of the global economic recession and the debt
crisesacross Europe, when CEOs in the region reported the most pessimistic
economic outlook in the world.
However, confidence in the region has remained strong and stable over the last
two years, as the EU has experienced record low interest rates, a drastic
reduction in oil prices and a sharp drop in the value of the euro against the
dollar - all of which have bolstered EU exports and stimulated economic growth.
Globally, in the first quarter of 2016, the YPO Global Pulse Index composite
score remained steady at 58.3, reflecting a stable economic outlook. Confidence
in Africa increased 2.2 points to a relatively positive 53.2 while confidence in
the United States edged up 0.5 point to 59.6. Economic sentiment in Asia
remained almost unchanged, gaining 0.3 point to 60.0 while confidence in the
Middle East slipped 0.8 point to 55.6. In Latin America, confidence
significantly declined 3.6 points to 50.8.
"It is remarkable that CEO confidence has held steady over the past few months,
when you consider the global market volatility as well as recent political and
economic challenges," said Nick Hungerford, founder and director of Nutmeg and
member of YPO Greater London Chapter. "It is encouraging to see that business
leaders across the EU remain optimistic given that the European economy
continues to grow at a moderate rate. As ever, the world economy faces major
challenges and CEOs will have to stay alert and adapt their plans accordingly."
Key findings in the EU
CEOs in United Kingdom most optimistic in Europe:
The YPO Global Pulse Index for the United Kingdom jumped 4.0 points to 62.9 in
the first quarter, comfortably ahead of France and Germany, the other two
largest economies in the region. Both Germany and France experienced slight
reductions in confidence with France dropping 1.0 point to 56.2 and Germany
slipping 1.1 points to 59.3.
Spain recorded a significant decline in confidence, falling 4.9 points to 62.5,
although it remained in firmly optimistic territory. Similarly, in Poland,
confidence declined 5.7 points to land at 62.7.
On the other hand, there were notable improvements in confidence in several
countries, including some economies that required IMF assistance to navigate
sovereign debt crises in 2011-2012. Greece climbed 5.2 points to 54.5, its
highest level since the second quarter of 2014.
Record confidence levels for future sales, hiring and fixed investment:
When assessing the economy one year from now, business leaders in the EU
reported record levels of optimism for each of the three individual components
of the index, tracking sales, employment and fixed investment forecasts. The YPO
Global Pulse Sales Index for the European Union jumped 2.6 points to 70.0, its
highest level in the seven-year history of the survey. The Employment Index rose
1.8 points to 60.6, another record high, and the Fixed Investment Index climbed
1.7 points to 61.9, matching its previous high in the second quarter of 2015.
As many as two-thirds (67%) of CEOs in EU expected to increase turnover in the
next 12 months, 40% anticipated to increase headcount, and 42% expected to
increase fixed investment. Only 5% of CEOs predicted sales and staff numbers to
decline, and 6% expected fixed investment to decrease in the next year.
More caution outlook relating to wider economic conditions:
When it came to looking at the wider economic and business conditions in which
their organisations operate six months from now, CEOs were more cautious than in
fourth quarter 2015. More than one-third (35%) of respondents predicted
conditions will improve in the next six months, down from 40% in the previous
survey. More than a fifth (22%) expected conditions to deteriorate, compared to
only 16% in the previous quarter.
YPO Global Pulse Confidence Index
The quarterly electronic survey, conducted in the first two weeks of April
2016, gathered answers from 2,209 YPO chief executive officers across the globe,
including 455 in the European Union. Visit www.ypo.org/globalpulse for more
information about the survey methodology and results from around the world.
###
About YPO
YPO is the premier chief executive leadership organization in the world,
representing a global community of leaders committed to the shared mission of
becoming "Better Leaders Through Lifelong Learning and Idea Exchange." YPO today
provides more than 24,000 members in more than 130 countries with access to
extraordinary educational resources, alliances with leading institutions, and
specialized networks designed to support their business, community and personal
leadership. Altogether, YPO member-run companies employ more than 15 million
people around the world and generate USD6 trillion in annual revenues. For more
information, visit www.ypo.org.
Contact:
YPO
Linda Fisk
Office: +1.972.629.7305 (United States)
Mobile: +1.972.207.4298
press(at)ypo.org
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Young Presidents? Organization, Inc. via GlobeNewswire
[HUG#2010438]
Unternehmensinformation / Kurzprofil:
Datum: 10.05.2016 - 06:01 Uhr
Sprache: Deutsch
News-ID 469736
Anzahl Zeichen: 6822
contact information:
Town:
Irving, Texas
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 289 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"YPO Global Pulse Survey: EU business leaders remain most confident in the world for third consecutive quarter"
steht unter der journalistisch-redaktionellen Verantwortung von
Young Presidents? Organization, Inc. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
