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: 7 November 2017 | Next Update: March 2018
The YPO Global Pulse Confidence Index remained steadily optimistic, its fourth consecutive quarter above 60.0.
In the United States, the Index remained steady at 63.5, close to the record-high level of 65.1 reported in April 2012, making the region the most optimistic, globally.
Australasian confidence was down 3.7 points, but remained in optimistic territory at 63.3. While Australia declined 2.5 points to 64.2, this still indicates a positive economic outlook; its regional counterpart, New Zealand, slipped 0.6 point to 53.8.
Economic confidence in Canada declined 1.1 point to 61.8, remaining well in positive territory, reflecting a strong economic outlook.
Confidence in Latin America rose 2.8 points to 62, reflecting a sharp 8.0-point increase in Brazil. Confidence also improved in in many Central and South American countries.
In the European Union (EU), the Index fell 1.2 points to 61.8, after an upward swing in confidence of 2.1 points in July to a record-breaking level of 63.0. Non-EU Europe declined slightly by 1.7 points to 58.6. However, confidence in Europe remains high.
Business confidence in Asia rose 1.3 points to 62.8, slightly above its average over the past two years. The increase was led by a nearly 9-point increase in confidence in China, combined with significant gains in some states within the Association of Southeast Asian Nations.
In Africa, leaders were marginally more upbeat, and confidence rose 1.3 points to 57.5, despite sharp declines in East Africa. The IMF predicts that many sub-Saharan African economies will grow, and there is hope that economic conditions in Nigeria and South Africa will steadily improve.
In the Middle East/North Africa (MENA) region, the Index rose slightly to 53.2, the lowest confidence reading amongst the nine regions surveyed for the second quarter running, and 9 points behind the global composite.
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