Survey: Business confidence of CEOs in Asia steadily rising

Published by rudy Date posted on August 11, 2010

SINGAPORE (Xinhua) — Latest results published by the Global YPO (Young Presidents’ Organization) Global Pulse Survey showed that business confidence in Asia is on the rise, local media reported on Wednesday.

It inched up 1.6 points from the preceding quarter to 69.9, local newspaper Business Times reported. Asia has consistently come out trumps in four out of five quarters that business confidence has been measured by YPO.

Business confidence in Asia has been rising steadily since January this year.

In contrast, the global CEO confidence dipped by over two points to 59.8.

Confidence slid in the United States (where it was down 3.5 points), the Europe Union (down 4.3 points) and Australasia, which suffered the largest beating (down 5.7 points). Africa’s CEO confidence rose, the only other region to do so apart from Asia, after having fallen by 4.5 points last quarter.

According to the report, Asian companies throughout all sectors exhibited growth in sales, employee numbers and fixed investment in the most recent quarter compared with the same period last year.

More than 1,700 CEOs from over 100 countries and regions were surveyed.

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