The YPO Global Pulse survey gathers the perspectives of YPO members around the globe regarding the overall current economic climate in their region, as well as expected changes in sales, employee counts and fixed investment affecting their businesses. » Learn more
Last Updated: 9 May 2017 | Next Update: August 2017
The YPO Global Pulse Confidence Index remained stable, rising just 0.3 point in the first quarter of 2017 (1Q 2017) to 62.5. In the United States, business confidence remained steady at 64.9 following recent tax and regulatory reforms. Economic confidence in Canada climbed 3.7 points to 62.1 following a recent upswing in commodity prices. Confidence dropped 1.2 points in Latin America to 57.1. While not a sizeable decline, economic uncertainty is widespread across most countries in the region. However, confidence in Brazil continues to climb as oil prices escalate.
In the European Union (EU), confidence remained unchanged in 1Q 2017 at 60.9. However, in the non-EU European states, the Index declined 2.5 points to 51.8, the lowest level of confidence since July 2009. The drop can be largely attributed to Switzerland, where confidence plunged 11.9 points to 45.8, well below the neutral mark of 50.0.
Economic confidence in Asia rose 2.1 points to 63.3, the region’s highest reading in two years, offsetting the previous quarter’s business confidence slump. The most significant change in the Asia-Pacific region occurred amongst the developing Association of Southeast Asian Nations (ASEAN), which include Indonesia, Malaysia, Singapore, Thailand, the Philippines and Vietnam. Confidence among these countries jumped 4.0 points to 66.0 in 1Q 2017, following a significant 9.4-point increase in 4Q 2016.
After a confidence surge of 5.6 points to 59.5 last quarter, the Middle East and North Africa (MENA) region reported the biggest decline in confidence, dropping 4.5 points to 55.2.
In Africa, confidence continued its downward trend, following a 0.8-point decline in 4Q16 with a slight dip of 0.3 point to 54.4.
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