The confidence among business leaders in Asia grew in the Q4 of 2016. As per the Business leaders in Asia reported a more cautious outlook than their counterparts in the United States but were more optimistic than chief executives in the European Union (EU). For the first time since October 2015, Asia lagged behind the YPO Global Pulse composite score, which reflected an upswing in confidence to an optimistic 62.2.
Confidence among business leaders in China remained stable at 61.3, compared to 61.4 in the third quarter. While India reported a 3.2-point drop in confidence to 62.8, it still remains the most confident of Asia’s economic powerhouses.
“It’s encouraging to see that the outlook is still firmly optimistic in each of the major markets and that confidence has quickly returned to most of the developing economies in the region. Clearly there will be some concerns about the potential impact of a more protectionist U.S. economic policy on global trade and a strong US dollar, and chief executives in Asia will be monitoring the situation carefully over the coming months,” said Patrick Siewert, Managing Director, The Carlyle Group, and YPO Regional Chair of North Asia.
Meanwhile, In Asia, there were three key indicators pointed out in the YPO Global Pulse Index-sales, hiring and fixed investment, and they all increased in the final quarter of 2016.
