YPO Global Pulse Survey: Confidence among EU business leaders holds steady
(Thomson Reuters ONE) -
LONDON - 7(th) February 2017 - YPO, the premier chief executive leadership
organisation in the world, announced today that confidence among CEOs in the
European Union (EU) remained stable in the last quarter of 2016. The YPO Global
Pulse Confidence Index for the EU edged up to 60.9, its highest level since
April 2016.
After reporting the highest confidence globally in the third quarter, the EU now
trails Asia and the United States, the most confident region in the world in the
fourth quarter of 2016.
While the overall picture in the EU remained unchanged, there were differing
trends within its largest economies. Economic confidence in the United Kingdom
slumped 4.5 points to 55.0, its lowest level since April 2013 following the
decision to exit the EU. Germany also reported a gloomier outlook in the fourth
quarter, slipping 2.8 points to 56.3, following slower-than-anticipated growth
and ongoing political unrest in the country.
Elsewhere, France reported more a positive outlook, moving up 2.9 points to
62.6, and Italy climbed 5.6 points to 61.3. Spain remained relatively unchanged
at 67.1
"A low and durable level growth seems to be reality for the EU. It is, however,
very encouraging to observe the persisting optimism coming from French chief
executives even though they remain concerned by the results of the next
presidential elections to take place in the first semester of 2017," said Boris
Derichebourg, President of Derichebourg Multiservices and a member of the YPO
Paris Chapter.
Globally, the YPO Global Pulse Index for the fourth quarter of 2016 climbed by
3.0 points to 62.2, its highest level in two years. The United States reported
the highest levels of economic confidence in the world, increasing by 4.2 points
to 64.6, its highest level since January 2015. Asia gained 1.2 points to land at
an optimistic 61.2. Elsewhere, confidence in Latin America increased by 2.4
points to 58.3, while confidence in the Middle East and North Africa jumped 5.6
points to 59.5. Africa reported a 0.8-point decline, landing at 54.7, making it
the second-least confident region in the world after non-EU Europe, where
confidence increased 2.5 points to 54.3.
Key findings in the EU
Chief executives remain bullish about the year ahead
EU business leaders remained optimistic about the prospects for their own
organisations over the next 12 months. Regionally, the survey's key indicators,
sales, hiring and fixed investment, indicated a positive outlook. The YPO Sales
Index showed that nearly two-thirds of EU participants (61%) expected to
increase revenue in 2017, compared with only 6% who predicted a decline in
sales. Similarly, the YPO Employment Index showed that 36% expected to increase
headcount in the year ahead, versus 6% who predicted a decrease in the size of
their workforce. The YPO Fixed Investment Index found that 46% expected to
increase fixed investment, against 7% who predicted a decline.
Regarding the overall economic and business climate, 40% of EU chief executives
believed that conditions would improve in the first half of 2017, while 47% felt
that there would be little or no change. Only 13% expected the economic
landscape to deteriorate over the next six months.
Confidence slumps in the United Kingdom
U.K. business leaders reported a much gloomier outlook in the fourth quarter of
2016, hitting its lowest level since April 2013. At 55.0, confidence is now
lower than it was in the immediate aftermath of the Brexit referendum vote, when
confidence slumped to 57.9 in July 2016. Although confidence bounced back in the
third quarter, climbing to 59.5, the short-term effects of Brexit seem to have
impacted sentiment, with a weakening pound and ongoing uncertainty surrounding
Britain's economic future outside of the EU, and possibly the European Single
Market.
When asked to assess whether business and economic conditions would improve in
the first half of 2017, only 20% of YPO chief executives in the United Kingdom
expected conditions to become more favourable, and 19% expected to see a
deterioration, while the majority (61%) predicted that the economic climate
would remain relatively unchanged.
When assessing the prospects of their own organisations in 2017, U.K. chief
executives were far more cautious than in the previous quarter.
Half predicted that they would increase sales in the next 12 months, versus 63%
in the third quarter. More than one-fourth (26%) of business leaders expected to
increase staff headcount, against 39% in the previous quarter. Only 25%
predicted that they would increase fixed investment in the coming year, compared
to 46% in the previous survey.
YPO Global Pulse Confidence Index
The quarterly electronic survey, conducted in the first two weeks of January
2017, gathered answers from 1,514 chief executive officers across the globe,
including 193 in the European Union. Visit www.ypo.org/globalpulse for more
information about the survey methodology and results from around the world.
# # #
About YPO
The premier leadership organization of chief executives in the world.
YPO is the global platform for chief executives to engage, learn and grow. YPO
members harness the knowledge, influence and trust of the world's most
influential and innovative business leaders to inspire business, personal,
family and community impact.
Today, YPO empowers more than 24,000 members in more than 130 countries,
diversified among industries and types of businesses. Altogether, YPO member-run
companies employ more than 15 million people and generate USD6 trillion in
annual revenues.
Leadership. Learning. Lifelong. For more information, visit 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 Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Young Presidents? Organization, Inc. via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 07.02.2017 - 06:01 Uhr
Sprache: Deutsch
News-ID 522394
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Kategorie:
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