HONG KONG - The YPO Global Pulse Confidence Index for Asia recovered 1.4 points from its fall in January 2015 to register at 63.6 in the April 2015 CEO survey. A resurgence in confidence among ASEAN economies (including Indonesia, Malaysia, Singapore and Thailand) contributed to the recovery along with modest increases in confidence in Japan and China, the region's two largest economies.
"After much political and economic uncertainty in late 2014 and earlier this year, Asian business leaders have regained confidence but understand that economic expansion will come at a more measured rate," said Terry O'Connor, regional chief executive officer of Courts Asia, an executive member of the YPO Singapore Chapter and the incoming regional chair of YPO's Southeast Asia Region. "The stabilisation of oil prices contributed to a return of confidence in the region's oil-producing economies, and, overall, confidence levels across the region are solid."
Chinese confidence improved for the first time in 15 months, with the index gaining 2.1 points to register at 61.8. In Japan, confidence improved for the second quarter in a row to land at 59.1, nearly 3.0 points higher than this time last year. Sentiment among CEOs in India declined 1.3 points to 67.0, a decidedly optimistic level nonetheless.
The YPO Global Pulse Confidence Index declined 1.0 point in the April 2015 survey to 61.5 from 62.5. The global index continues to track closely to its peak level for the cycle, but growth prospects around the world are increasingly uneven. While confidence rose the European Union and remained high in the United States, the indices for Latin America and non-EU Europe both tumbled to 52.4, their lowest levels since the YPO survey began in July 2009. Notably, the European Union reading of 62.5 marked the first time that confidence in the EU region topped the global level.
Key findings in Asia
Sales confidence highest in the world; employment confidence holds steady.
When asked to look ahead 12 months, Asian business leaders were remarkably positive about sales. The YPO Global Pulse Sales Confidence Index for Asia rose 1.7 points to 70.9. This reading is higher than any other region around the globe and nearly 3.0 points higher than the global composite of 68.0. The YPO Employment Confidence Index for Asia was essentially unchanged at 58.3. While roughly in line with other regions, this represents a significant change from several years ago when employment prospects in Asia ran well ahead of the rest of the world.
YPO Global Pulse Confidence Index
The quarterly electronic survey, conducted in the first two weeks of April, gathered answers from 2,211 chief executive officers across the globe, including 246 in Asia. Visit www.ypo.org/globalpulse for more information about the survey methodology and results from around the world.
YPO (Young Presidents' Organization) is a not-for-profit, global network of young chief executives connected through the shared mission of becoming Better Leaders Through Education and Idea Exchange(TM). Founded in 1950, YPO today provides 22,000 peers and their families in more than 125 countries with access to unique experiences, extraordinary educational resources, access to alliances with leading institutions, and participation in specialised networks to support their business, community and personal leadership. Altogether, YPO member-run companies employ more than 15 million people around the world and generate US$6 trillion in annual revenues. For more information, visit www.ypo.org.
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