YPO Global Pulse Survey: EU business confidence edges down from eight-year high
YPO chief executives in EU still optimistic about economic conditions; outlook in non-EU Europe down slightly in third quarter
LONDON, Nov. 07, 2017 (GLOBE NEWSWIRE) -- YPO, the premier chief executive leadership organisation in the world, announced today that the YPO Global Pulse Confidence Index for the EU slipped 1.2 points to 61.8, down from its record level of 63.0 in the previous quarter, and slightly below the global composite score of 62.4.
The slight drop in EU confidence was mainly triggered by a more subdued outlook in three of the region's major economies, Germany, France and Spain. Germany declined 4.2 points to 58.5, and Spain slipped 4.3 points to 65.1, its lowest level since July 2016, and, following President Macron's victory in the general election, economic confidence in France fell 4.1 points to 60.6, reversing the 10.2-point rise in confidence it reported in the second quarter.
In other countries, there was little change in outlook. The United Kingdom remained steady with a score of 61.6, despite an apparent lack of progress in the ongoing Brexit negotiations. It was a similar story in Malta, which dropped less than one point to 64.8.
"It's probably no surprise that there is a slightly more cautious outlook in the EU, given the social and political uncertainty that is being experienced in some countries, such as the Catalan situation in Spain and the election results in Germany. However, despite this, chief executives in Europe remain positive about the strength of the economy and prospects for growth," said YPO member and President of Zenato, Nadia Zenato. "Business leaders will be looking for opportunities to expand as we move into 2018, while closely monitoring local and global economic performance indicators."
Non-EU Europe also saw a slight dip in confidence, dropping 1.7 points to 58.6. This was mainly due to a more subdued outlook in Switzerland, which fell 4.4 points to 57.5. This is against a background of the effects of a strong Swiss Franc on the Swiss export economy, as well as lackluster private and government consumption. On the other side of the scale, confidence in Turkey spiked 7 points. This coincides with stronger-than-expected economic growth in the country, and the International Monetary Fund (IMF) sharply increasing its GDP forecast for Turkey to 5.3% from 2.5% for 2017.
Overall, despite some localised headwinds and uncertainty around Brexit, both the EU and non-EU Europe remain firmly in positive territory.
Chief executives more cautious about short-term economic climate
Almost half (49%) of chief executives in the EU predicted that business and economic conditions would remain the same during the next six months, while 42% expected improved conditions, down from 46% in 2Q 2017, and 9% expected the economic environment to deteriorate.
Business leaders still confident about growth
When considering the prospects for their own organisations over the next 12 months, chief executives in the EU were firmly optimistic about the three key indicators of the YPO Global Pulse Survey, namely sales, employment and fixed investment.
Almost two-thirds (62%) of respondents expected to grow revenues, compared to only 2% who stated that their turnover would decline.
In terms of hiring, a third (33%) expected to increase headcount, while only 3% forecasted cuts to staff numbers.
Fixed investment outlook also remained buoyant, with almost half (48%) of respondents expecting to boost fixed investment levels, versus only 5% who predicted a reduction in investment spending.
Globally, confidence remained steady at 62.4, now firmly in positive territory for four consecutive surveys, hovering between 62.0 and 62.5. The United States was the most confident region at 63.5, Canadian confidence also remained positive, declining marginally by 1.1 points to 61.8, and Australasia saw a 3.7-point decline to 63.3. In Asia, confidence rose 1.3 points to 62.8, driven by an 8.8-point leap in China, and improved confidence in the Association of Southeast Asian Nations (ASEAN).
Elsewhere, confidence in Latin America jumped 2.8 points to 62.0, largely driven by Brazil's 8-point hike in confidence. In Africa, the confidence edged up 1.2 points to 57.5, yet it remains the second least-confident region, trailed only by the Middle East and North Africa (MENA) region, where confidence increased 2.5 points to 53.2.
YPO Global Pulse Confidence Index
The quarterly electronic survey, conducted in the first two weeks of October 2017, gathered answers from 925 chief executive officers across the globe, including 124 in the EU and 31 in non-EU Europe. Visit www.ypo.org/globalpulse for more information about the survey methodology and results from around the world.
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 25,000 members in more than 130 countries, diversified among industries and types of businesses. Altogether, YPO member-run companies employ more than 16 million people and generate USD6 trillion in annual revenues.
Office: +1 972 629 7305 (United States)
Mobile: +1 972 207 4298
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: YPO via Globenewswire
Följ NASDAQ OMX
Abonnera på våra pressmeddelanden.
Senaste pressmeddelandena från NASDAQ OMX
eGain Enables Conversational Customer Service Through Apple Business Chat20.7.2018 12:30 | Pressmeddelande
SUNNYVALE, Calif. and NEWBURY, United Kingdom, July 20, 2018 (GLOBE NEWSWIRE) -- eGain (NASDAQ:EGAN), the leading provider of cloud-based customer engagement solutions, today announced its integration with Apple Business Chat. According to Gartner, requests for customer support through consumer mobile messaging apps will exceed requests for customer support through traditional social media by 2019*. Moreover, 56% of consumers surveyed in a Nielsen study would rather message a business than call customer service, and 67% expect to message businesses even more over the next two years. Key capabilities Among key capabilities of the integrated solution are: Enabling hundreds of millions of consumers on iPhone and iPad to interact with businesses through the Messages app Leverage eGain AI to infer customer intent, power bot conversations through messaging, route escalations to contact center agents, and guide agents through messaging conversations Provide immersive customer experiences with
Marcus Hiles - Texas Takes #1 Four Years in a Row in America's Top States for Business19.7.2018 23:39 | Pressmeddelande
DALLAS, July 19, 2018 (GLOBE NEWSWIRE) -- The future business scene in Texas is looking brighter than ever as the state continues to hold its place as a national leader. Growth is spreading across areas such as North Texas, Houston and San Antonio with businesses quickly expanding their operations in the state that offers some of the best in business-friendly climates and overall growth potential. Tapping into the market recently are global leaders such as Toyota, Liberty Mutual and JP Morgan who have taken advantage of the state's increasing network of commercial properties, workforce and business resources. Named by CNBC for the fourth consecutive year as America's Top State for Business, Texas scored above all 50 states on overall business competitiveness. With the business hub building on its role as a national leader for the past decade, this top rank title reflects the progress Texas has made in cementing its place in the global economy. "This national recognition comes without s
Second Quarter 2018 Results Conference Call19.7.2018 21:34 | Pressmeddelande
AURORA, Ontario, July 19, 2018 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG) (NYSE:MGA) SECOND QUARTER 2018 RESULTS CONFERENCE CALL WEDNESDAY - AUGUST 8th, 2018 7:30 AM ET DIAL IN NUMBERS North America Toll Free: International Toll: Webcast: 1-888-223-4641 1-416-981-9080 www.magna.com Slide presentation will be available on our website prior to the call. REBROADCAST INFORMATION Replay available 2 hours after the call until August 15, 2018 North America Toll Free: International Toll: Reservation No.: 1-800-558-5253 1-416-626-4100 21892829 INVESTOR CONTACT Louis Tonelli, Vice-President, Investor Relations firstname.lastname@example.org, 905-726-7035 TELECONFERENCE CONTACT Nancy Hansford, Executive Assistant, Investor Relations email@example.com, 905-726-7108 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 originali
Uganda National Airlines Company Limited Signs Firm Order for Four Bombardier CRJ900 Aircraft19.7.2018 18:36 | Pressmeddelande
First operator of the new CRJ Series ATMOSPHÈRE cabin in Africa MONTREAL, July 18, 2018 (GLOBE NEWSWIRE) -- Bombardier Commercial Aircraft announced today that it has signed a firm order for four new CRJ900 regional jets with Uganda National Airlines Company. Based on the list price for the CRJ900 aircraft, the firm order is valued at approximately US$190 million. "We congratulate the Government of Uganda for the revival of its national flag carrier, and are thrilled that the new airline has selected Bombardier and the CRJ900 regional jets for its upcoming debut," said Jean-Paul Boutibou, Vice President, Sales, Middle-East and Africa, Bombardier Commercial Aircraft. "Recognized for its superior economics and efficiency, the CRJ Series aircraft have enabled airlines worldwide to serve communities with better connectivity, and we look forward to supporting the development of Uganda's regional air travel with these CRJ900 regional jets." Uganda Airlines will operate the CRJ900 in dual-cla
CrownBio Supports Excellence in Translational Research with Grant Award that Funds Innovative PDX Model Development in Immuno-Oncology19.7.2018 15:03 | Pressmeddelande
"Cancer Research Center of Lyon iPS novel PDX models formulate new immune cell focused strategies" SAN DIEGO, July 19, 2018 (GLOBE NEWSWIRE) -- Crown Bioscience, a global drug discovery and development services company providing translational platforms to advance oncology, inflammation, cardiovascular and metabolic disease research, is proud to announce the award of its Patient-Derived Xenograft (PDX) grant program to doctors Fabrice Lavial, Christophe Caux and Bertrand Dubois from the Cancer Research Center of Lyon (CRCL). The grant program was established to support oncology researchers pursuing scientific advancements in cancer using PDX technology. Following an extensive review, CrownBio's Scientific Steering Committee selected Dr. Lavial and his colleagues at the CRCL due to their project's potential to create breakthroughs in preclinical oncology strategies. Their research combines PDX and iPS cell technologies to create patient-specific, humanized models. These unique models wil
Jumio Introduces Liveness Detection for Web to Better Deter Fraud During Account Onboarding19.7.2018 14:00 | Pressmeddelande
New identity proofing functionality ensures that the person behind a Web upload verification is present and the person actually creating a new online account PALO ALTO, Calif., July 19, 2018 (GLOBE NEWSWIRE) -- Jumio, the creator of Netverify(TM) Trusted Identity as a Service (TIaaS), today announced the addition of Liveness Detection for Web to better thwart fraudsters' evolving and sophisticated attempts to assume another individual's identity. With identity verification, Jumio's approach is to first verify the government-issued ID (e.g., driver's license, passport or ID card) and ensure that it is authentic and has not been doctored. For mobile SDK customers, Jumio then requires the user to take a selfie which enables the company to compare the person in the selfie to the person pictured in the ID document. Since Netverify is an omnichannel solution, Jumio also supports identity verification via desktop webcams. This channel enables our customers to reach large market segments who a
I vårt pressrum kan du läsa de senaste pressmeddelandena, få tillgång till pressmaterial och hitta kontaktinformation.Besök vårt pressrum