Asian CEOs' economic confidence waning: Survey
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While the Asian confidence level used to average about 9 points higher than the global confidence index reading, the current score of 60.1 is barely higher than the global reading of 59.7. -- PHOTO: AFP
The confidence of Asian chief executive officers is waning, according to the latest Young Presidents' Organisation (YPO) Global Pulse economic sentiment survey.
In the latest quarterly poll conducted in the first two weeks of July, the YPO Global Pulse Index for Asia declined 1.8 points to 60.1, the lowest since the survey first started three years ago.
While the Asian confidence level used to average about 9 points higher than the global confidence index reading, the current score of 60.1 is barely higher than the global reading of 59.7.
Mr Terry O'Connor, regional chief executive of Courts Asia and chairman of the YPO Singapore Chapter, said: "Since last summer, the YPO Global Pulse Index for Asia has been pointing to slower growth."
