Business Confidence Rising Dramatically in Eastern Asia
MSI Global Feelgood Index shows Eastern Asia region enjoying largest upsurge in confidence of all world regions
The latest quarterly findings of the MSI Global Feelgood Index, a business confidence survey commissioned by MSI Global Alliance, show that business owners and managers in the Eastern Asia region are feeling much more bouyant about the economic prospects and the future performance of their businesses in their region.
The survey shows that business confidence in Eastern Asia rose dramatically from -0.05 to +0.24 in the three months from February to May 2012. This was the largest increase of any world region.
All but one of the performance indicators show a noticeable change upwards, with a particularly upbeat mood prevailing around the prospects for hiring staff (now at +0.51), spending on staff welfare and training (now at +0.48) and the sales pipeline (now at +0.44).
There remains however negative feeling around cashflow with a score of -0.20 showing the problems that remain in this area.
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Infographic: Levels of Business Confidence in the Eastern Asia region (May 2012)
Chart: MSI Global Feelgood IndexLevels of Business Confidencein East AsiaDescription: Tags: Author: charts powered by iCharts
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