﻿<?xml version="1.0" encoding="utf-8"?><rss xmlns:a10="http://www.w3.org/2005/Atom" version="2.0"><channel><title>Subscribe to the Latest Blog Posts related to MSI's Global Feelgood Index</title><link>http://www.msiglobal.org/blog/global-feelgood-index/</link><description>The latest news and analysis resulting from MSI's Global Feelgood Index, a survey of businesses in over 100 countries. The Index covers seven key areas of business with answers collated and then weighted to reflect the size of the different economies in the responding countries, before being analysed by Joe Nellis, Professor of International Management Economics at Cranfield School of Management, one of the UK’s leading Business Schools</description><language>en-UK</language><copyright>? Copyright 2012 MSI Global</copyright><generator>MSI RSS Generator</generator><item><guid isPermaLink="true">http://www.msiglobal.org/blog/global-feelgood-index/is-the-us-economy-starting-to-recover-msi-feelgood-index-survey-hints-at-growing-positivity/</guid><link>http://www.msiglobal.org/blog/global-feelgood-index/is-the-us-economy-starting-to-recover-msi-feelgood-index-survey-hints-at-growing-positivity/</link><category>feelgood</category><title>Is the US Economy Starting to Recover? MSI Feelgood Index Survey Hints at Growing Positivity</title><description>According to the latest findings of the MSI Global Feelgood Index, businesses on the North American continent are feeling much more upbeat about their prospects in what continues to be a difficult global economy.
While the composite Global Index remains flat at +0.10, the level of confidence in North</description><pubDate>Fri, 24 Feb 2012 00:00:00 Z</pubDate><a10:updated>2012-02-24T00:00:00Z</a10:updated><a10:content type="xhtml"><![CDATA[ According to the latest findings of the MSI Global Feelgood Index, businesses on the North American continent are feeling much more upbeat about their prospects in what continues to be a difficult global economy.
While the composite Global Index remains flat at +0.10, the level of confidence in North America has gone up from +0.04 in the last quarter to +0.22.
Joe Nellis, Professor of International Management Economics at Cranfield School of Management, commenting on the survey findings, says: "This supports the emerging view that the region is near or at the bottom of the economic cycle and that a modest recovery may well be underway there. This view is supported by the latest forecasts from the IMF for the region (with GDP in the USA expected to grow by 1.8% in 2012)."
As can be seen from the chart below, there is growing optimism in North America around prospects for the sales pipeline (company sales) which has risen to +0.35 and a feeling that investment in marketing and advertising is likely to increase (+0.26). However, confidence around profit margins remains low at only +0.09.
 
Overall, the North American region is the second most optimistic world region, tied with Latin American on +0.22, but behind the surprising leader of the pack, Eastern Europe (+0.39).
Only time will tell if North America is truly on the path to recovery - check back here for more information on the Global Feelgood Index.
For more information, please contact Giles Brake, MSI's Head of Marketing.]]></a10:content></item><item><guid isPermaLink="true">http://www.msiglobal.org/blog/global-feelgood-index/february-global-feelgood-index-chart-msi/</guid><link>http://www.msiglobal.org/blog/global-feelgood-index/february-global-feelgood-index-chart-msi/</link><category>mendelssohn</category><category>feelgood</category><title>Results of February Global Feelgood Index - A quick look at the Global Picture</title><description>The results from the February Global Feelgood Index clearly show that business confidence remains flat at the global level, but with some interesting regional variations.
Just to explain the various decimal scores we are using, the 'perfect score' is 1.0. This would mean that every respondent to the</description><pubDate>Thu, 23 Feb 2012 00:00:00 Z</pubDate><a10:updated>2012-02-23T00:00:00Z</a10:updated><a10:content type="xhtml"><![CDATA[ The results from the February Global Feelgood Index clearly show that business confidence remains flat at the global level, but with some interesting regional variations.
Just to explain the various decimal scores we are using, the 'perfect score' is 1.0. This would mean that every respondent to the survey had answered every question saying that they are 'more confident' than they have been in the previous quarter about each of the 7 topics that they were questioned about.  Our scoring system allocates -1 for a 'less confident' response and +1 for a 'more confident' response, and 0 where the respondent feels there has been no change.
At the global level, we are seeing the highest levels of optimism around prospects for company sales (sales pipeline) with an average index of +0.20. There is also optimism around cashflow (+0.06), spending on investment capital (+0.03), staff numbers (+0.11), spending of marketing and advertising (+0.19) and spending on staff welfare and training. However, these low scores, although in positive territory, show how finely balanced confidence is! 
There is however continued negativity surrounding profit margins (-0.03), with companies clealry feeling the squeeze. 
As Joe Nellis of Cranfield University School of Management  puts it: "The outlook for the global economy continues to give cause for concern at the start of 2012. A recovery in many of the major Western economies is being hampered by continued strains in the Eurozone.."
Watch this space for more commentary and analysis of business sentiment in the various world regions. Below is a graph showing the results by region and globally. 

 ]]></a10:content></item><item><guid isPermaLink="true">http://www.msiglobal.org/blog/global-feelgood-index/global-feelgood-index-business-confidence-survey-msi-global-alliance/</guid><link>http://www.msiglobal.org/blog/global-feelgood-index/global-feelgood-index-business-confidence-survey-msi-global-alliance/</link><category>mendelssohn</category><category>feelgood</category><category>nellis</category><title>February 2012 MSI Global Feelgood Index Shows Confidence Building in North America, but Uncertainties in Eurozone Still Pose Threat to Recovery</title><description>Research into levels of business confidence worldwide from the leading international association of professional services firms MSI Global Alliance shows that recovery in many of the major Western economies is being hampered by continued strains in the Eurozone.
"The year ahead will be challenging for</description><pubDate>Wed, 22 Feb 2012 00:00:00 Z</pubDate><a10:updated>2012-02-22T00:00:00Z</a10:updated><a10:content type="xhtml"><![CDATA[ Research into levels of business confidence worldwide from the leading international association of professional services firms MSI Global Alliance shows that recovery in many of the major Western economies is being hampered by continued strains in the Eurozone.
"The year ahead will be challenging for many regions and countries across the globe, with the Eurozone economy as a whole expected to go into a mild recession," warned Joe Nellis, Professor of International Management Economics at Cranfield School of Management.
"This will have a direct impact on the major exporting countries, especially China, Japan and Germany. This year is likely to see the bottom of what has become known as the 'Great Recession' - but many uncertainties will still pose a threat to the path of recovery thereafter."
The MSI Global Feelgood Index, which uses weighted averages of seven key business performance indicators, indicates that the balance of confidence remains virtually neutral at the global level (+0.10). However, over the last three months, there has been a notable upturn in the balance of confidence in the North American region (from +0.04 to +0.22). This supports the emerging view that the region is near to or at the bottom of the economic cycle and that a modest recovery may well be under way. This view is supported by the latest forecasts from the IMF for the region, with GDP in the USA expected to grow by 1.8% in 2012. 
This is tempered by the balance of business confidence in general across Western Europe remaining in negative territory (-0.04). James Mendelssohn, MSI's Chief Executive, comments: "This is not surprising in the light of the sovereign debt crisis that continues to build momentum in some Euro member states - particularly Greece, Spain, Portugal and Italy." In contrast, and unexpectedly, the balance of business confidence in Eastern Europe is positive (at +0.39). 
The survey also shows that North Americans are generally more optimistic, particularly with regards to the outlook for their companies' sales pipeline (+0.35), whereas in Western Europe few have confidence in the prospects for strong company sales (-0.06).  
Over the last three months there has been a slight downturn in theMSI Feelgood Indexfor the Australia/New Zealand region (from +0.03 to -0.03), more or less matching that of Eastern Asia (-0.05) and the Indian region (-0.01). 
The general level of business confidence remains positive in Latin America and directly in tandem with the+0.22balance noted earlier for North America.
Finally, the balance of optimism in the Middle East and North Africa as well as Southern Africa regions has dampened, according to the latest MSI Feelgood Index (from+0.33 to +0.07 and from +0.22 to +0.04 respectively) - but is still in positive territory. 
Nellis concludes: "The IMF, in its most recent World Economic Outlook report, now expects the global economy to grow by 3.25 per cent in 2012; this is down significantly from the 4 per cent predicted just a few months ago. The findings of MSI's latest Global Feelgood Index show that the year ahead will be challenging for many regions and countries." 
Note to Editors
Each quarter, the MSI Global Feelgood Index surveys business owners and managers in over 100 countries on their levels of optimism regarding seven key areas of business: sales pipeline, profit margins, cash flow, spending on investment capital, staff numbers, spending on marketing and advertising, and spending on staff training and welfare.
From the period 16 -31 January 2012, participants were asked to state their level of optimism or pessimism for each of the seven key areas of business. The responses were then collated and weighted to reflect the size of the different economies in the responding countries, before being analysed by Joe Nellis, Professor of International Management Economics at Cranfield School of Management, a leading international business school based in the UK.
The full research report with global and regional breakdowns and additional comments from Professor Joe Nellis is available on our website at www.msiglobal.org  or can be requested by email from MSI's marketing team (marketing@msiglobal.org).
About MSI Global Alliance (MSI)
MSI Global Alliance (MSI) is an international association of independent professional firms, with over 250 member firms in some 105 countries. MSI was established in 1990 in response to the growing need for cross-border co-operation between professional services firms. MSI is different to other international associations and networks due to its multidisciplinary membership of both accounting and law firms and its comprehensive global coverage. MSI was recently shortlisted by The Lawyer magazine in the category Law Firm Network of the Year category at the Lawyer European Awards. MSI is also a member of EGIAN, the European Group of International Accounting Networks &amp; Associations.
For more information about MSI, the Global Feelgood Index, and MSI's member firms, please go towww.msiglobal.org or follow the association's updates on Twitter @msi_global     ]]></a10:content></item><item><guid isPermaLink="true">http://www.msiglobal.org/blog/global-feelgood-index/commercial-real-estate-market-difficult/</guid><link>http://www.msiglobal.org/blog/global-feelgood-index/commercial-real-estate-market-difficult/</link><category>feelgood</category><category>real estate</category><title>Commercial Real Estate Market Still Struggling, but it's not all Bad News, say MSI's North American Members </title><description>
In recent interviews with MSI Global&amp;nbsp;Alliance's members in
Salt Lake City, the&amp;nbsp;difficult situation of the&amp;nbsp;North
American commercial real estate market was evident. However, there
are certainly signs of life in the market, with MSI's attorney and
CPA members in certain parts of the</description><pubDate>Tue, 14 Feb 2012 00:00:00 Z</pubDate><a10:updated>2012-02-14T00:00:00Z</a10:updated><a10:content type="xhtml"><![CDATA[ 
In recent interviews with MSI Global&nbsp;Alliance's members in
Salt Lake City, the&nbsp;difficult situation of the&nbsp;North
American commercial real estate market was evident. However, there
are certainly signs of life in the market, with MSI's attorney and
CPA members in certain parts of the country reporting on a fairly
optimistic note.

Even in Detroit where CPA Ron
Silberstein of Silberstein Ungar
reports commercial prices are 'way down', new investors are
reportedly&nbsp;'buying up buildings to renovate and are
moving&nbsp;their companies into Detroit due to&nbsp;the low cost
of&nbsp;property and&nbsp;occupancy.'

In Philadelphia, Scott
Isdaner, a CPA at Isdaner &amp;
Company, is seeing fairly strong demand for class A office
buildings. It is at the lower end of the&nbsp;commercial real
estate spectrum where problems remain, though even some of these
properties are, as Scott reports, 'starting to find tenants with
lower rates as a result of some new investments coming into these
buildings.'

In Toronto, it's quite a different
picture. Brian Wynn, a lawyer at Gardiner Roberts, reports that 'a
number of projects are doing quite well, with nothing being capped
or stopped'. Brian highlights the fact that Donald Trump continues
to build with a new tower and two other hotel condo towers having
gone up in the last year.

In Chicago, attorney Mike
Tuchman of Levenfeld Pearlstein
comments that the 'commercial real estate partners in his firm are
the busiest lawyers in the firm'. He also sees a clear divide among
his local clients - those who are still recovering from the effects
of the downturn, and those who are positioned to take advantage of
development opportunites. According to Tuchman, there has been
substantial repricing, but lending has eased up a little.

In Los Angeles, CPA Guarav
Malhotra of Lucas Horsfall Murphy &amp; Pindroh,
reports a difficult situation with new commerical real estate
prices down by 10-15%.

In Connecticut, attorney Chris
Martin of Martin Chioffi,
says commercial markets are 'surprisingly strong with some deep
pocket players such as Goldman Sachs and GE Capital financing
projects.'

Probably the most positive outlook appears to be in
Montana, largely due to impact of the Bakken oil
reserve in the eastern part of the state which is creating large
demand for commercial and residential property. Bill
Mills, a CPA at Montana accounting firm Anderson ZurMuehlen &amp; Co comments
as well as that the fact that 'there was no big upside means that
there was&nbsp;no big downside' when the economy went into free
fall.

To view all of the comments of MSI North American members on the
health of the North American real estate market, take five minutes
to view the video below:






For more information about how MSI's North American member firms
can help your business in the real estate sector, please contact Giles
Brake, MSI's Head of Marketing, or search our directory of member firms
to find a member firm in your preferred city or state.
]]></a10:content></item><item><guid isPermaLink="true">http://www.msiglobal.org/blog/global-feelgood-index/bank-lending-still-difficult-in-real-estate-market/</guid><link>http://www.msiglobal.org/blog/global-feelgood-index/bank-lending-still-difficult-in-real-estate-market/</link><category>feelgood</category><category>real estate</category><title>Financing of Real Estate is Still Difficult, Banks Not Lending in most North American cities</title><description>
Lawyers and accountants from leading local firms across North
America's major metropolitan cities have given a generally negative
view of real estate market&amp;nbsp;lending conditions in the region.
Though there are glimpses of hope, the lending in most cases
remains difficult.

As shown in the</description><pubDate>Wed, 01 Feb 2012 00:00:00 Z</pubDate><a10:updated>2012-02-01T00:00:00Z</a10:updated><a10:content type="xhtml"><![CDATA[ 
Lawyers and accountants from leading local firms across North
America's major metropolitan cities have given a generally negative
view of real estate market&nbsp;lending conditions in the region.
Though there are glimpses of hope, the lending in most cases
remains difficult.

As shown in the video below, selected members of MSI Global
Alliance gave their views on local real estate
market&nbsp;conditions at the association's recent North American
Local Meeting in Salt Lake City.

New York

"Borrowing is very difficult - the banks say plenty of money is
available, but they are making it very difficult," commented Herb
Stalzer of Giambalvo Stalzer &amp; Company in
Long Island.

Chicago

"Lending has eased up a little bit," commented Mike Tuchman of
Chicago law firm Levenfeld Pearlstein.

Orlando

"The financing of commercial real estate is still difficult and
the market is struggling," says Tim O'Toole of Orlando based CPA
firm Vestal &amp; Wiler.

Nashville

"Banks are still not lending, especially to first time home
buyers, even those who have equity," says Susan Keffer, a CPA at McKerley &amp; Noonan.

Toronto

Brian Wynn, a partner at Toronto law firm Gardiner Roberts, commented: "We are
not experiencing the same problems as in the U.S. There are fewer
banks and they're willing to stay with their customers. On the
commerical side, a number of projects are doing well."

Watch the video






For more information

Please contact Giles Brake, MSI's Head of Marketing or
follow us on Twitter @msi_global
]]></a10:content></item><item><guid isPermaLink="true">http://www.msiglobal.org/blog/global-feelgood-index/feelgood-index-north-american-real-estate-market-jan12/</guid><link>http://www.msiglobal.org/blog/global-feelgood-index/feelgood-index-north-american-real-estate-market-jan12/</link><category>feelgood</category><category>real estate</category><category>property</category><title>MSI Global Alliance's North American Members Give their Views on the Outlook for the Real Estate Market </title><description>
At MSI's recent North American Local Members' Meeting in Salt
Lake City, a selection of prominent senior lawyers and accountants
from the region gave their views on the prospects for the real
estate market in their city or state.&amp;nbsp;&amp;nbsp;

Watch the video below to find out&amp;nbsp;the views of</description><pubDate>Tue, 31 Jan 2012 00:00:00 Z</pubDate><a10:updated>2012-01-31T00:00:00Z</a10:updated><a10:content type="xhtml"><![CDATA[ 
At MSI's recent North American Local Members' Meeting in Salt
Lake City, a selection of prominent senior lawyers and accountants
from the region gave their views on the prospects for the real
estate market in their city or state.&nbsp;&nbsp;

Watch the video below to find out&nbsp;the views of our members
on how the residential and commercial real estate markets have been
performing of late, and how they expect the industry to shape out
in the next few months.&nbsp;&nbsp;While there are clearly
difficulties in the market, most of our members see
opportunities&nbsp;in certain areas.

This video has been produced as part of MSI's Global Feelgood
Index initiative.







&nbsp;

&nbsp;

&nbsp;
]]></a10:content></item><item><guid isPermaLink="true">http://www.msiglobal.org/blog/global-feelgood-index/global-feelgood-report-nov-2011/</guid><link>http://www.msiglobal.org/blog/global-feelgood-index/global-feelgood-report-nov-2011/</link><category>feelgood</category><title>Inaugural MSI Global Feelgood Index Reveals that Business Confidence is Finely Balanced</title><description>
New business research into business confidence worldwide from
leading international association of professional services firms MSI Global Alliance, has
revealed that comparatively low levels of confidence in the
developed economies of North America and Europe do not augur well
for global economic</description><pubDate>Thu, 10 Nov 2011 00:00:00 Z</pubDate><a10:updated>2011-11-10T00:00:00Z</a10:updated><a10:content type="xhtml"><![CDATA[ 
New business research into business confidence worldwide from
leading international association of professional services firms MSI Global Alliance, has
revealed that comparatively low levels of confidence in the
developed economies of North America and Europe do not augur well
for global economic prospects.

According to the MSI Global Feelgood Index which
uses weighted averages of seven key business performance
indicators, the balance of confidence is finely balanced at the
global level (+0.08). It is barely positive in North America
(+0.04) with Western Europe even more downbeat (-0.02). Sentiment
remains particularly negative around the prospects for spending on
investment capital in the United States (-0.07) and in the United
Kingdom (-0.23).






However, the opposite is true in the majority of developing
economic regions, with business confidence remaining significantly
positive in the Middle East (+0.33), Latin America (+0.27), and
Southern Africa (+0.22). Confidence is also positive, but only
marginally so, in the Australia and New Zealand region (+0.03) and
perhaps unexpectedly, confidence in the Indian Region (including
Pakistan and Bangladesh) is even lower (-0.28) than in the
USA.&nbsp; Levels of confidence in the prospects for spending on
investment capital are noticeably higher in Mexico (+0.33) and in
Malaysia (+0.5).


Joe Nellis, Professor of International Management Economics at
Cranfield School of Management, a leading international business
school based in the UK, comments: "Looking ahead, world economic
growth is expected to slow down from just over 5 per cent in 2010
to around 4 per cent in 2011 and in 2012. According to the IMF,
developed economies as a whole are likely to achieve only modest
growth of 1.5 to 2 per cent at best, while emerging and developing
markets will still record solid figures of at least 6 per cent over
the next year. This optimism is shared by participants in the first
issue of the MSI Global Feelgood Index.

"The world is facing a two-speed recovery path in the coming years.
In the absence of clear and substantial policy co-ordination by
governments, the developed economies are in danger of facing a
'Lost Decade' as experienced by Japan in the last decade(s). This
will be in sharp contrast to the outlook for the emerging and
developing countries. The world is on the brink of a major paradigm
shift in terms of the balance of economic and political
influence."

James Mendelssohn, Chief Executive of MSI Global Alliance,
comments: "The Global Feelgood Index provides a fascinating insight
into the balance of confidence in 105 countries worldwide. Going
forward, it will provide companies with a benchmark they can refer
to on a quarterly basis when looking at prospects for the global
economy."&nbsp;

Note to Editors
Each quarter, the MSI Global Feelgood Index surveys business owners
and managers in over 100 countries on their levels of optimism
regarding seven key areas of business: sales pipeline, profit
margins, cash flow, spending on investment capital, staff numbers,
spending on marketing and advertising, and spending on staff
training and welfare.

From the period 16-22 October 2011, participants were asked to
state their level of optimism or pessimism for each of the seven
key areas of business. The responses were then collated and
weighted to reflect the size of the different economies in the
responding countries, before being analysed by Joe Nellis,
Professor of International Management Economics at Cranfield School
of Management, a leading international business school based in the
UK.

The full research report with global and regional breakdowns and
additional comments from Professor Joe Nellis can be downloaded
from this link or requested by email (marketing@msiglobal.org).

About MSI Global Alliance (MSI)
MSI Global Alliance (MSI) is an international association
of independent professional firms, with over 250 member firms in
some 105 countries. MSI was established in 1990 in response to the
growing need for cross-border co-operation between professional
services firms. MSI is different to other international
associations and networks due to its multidisciplinary membership
of both accounting and law firms and its comprehensive global
coverage. MSI was recently shortlisted by The Lawyer magazine in
the category Law
Firm Network of the Year&nbsp;category at the Lawyer European
Awards.

For more information about MSI, the Global Feelgood Index, and
MSI's member firms, please go to www.msiglobal.org or follow
the association's updates on Twitter @msi_global&nbsp;&nbsp;
]]></a10:content></item><item><guid isPermaLink="true">http://www.msiglobal.org/blog/global-feelgood-index/does-your-business-have-the-feelgood-factor-take-the-survey!/</guid><link>http://www.msiglobal.org/blog/global-feelgood-index/does-your-business-have-the-feelgood-factor-take-the-survey!/</link><category>feelgood</category><title>Does your Business have the Feelgood Factor? Take the Survey! </title><description>
As one of the world's leading associations of mid-tier law and
accounting firms, MSI Global Alliance is proud to announce the
launch of the MSI Global Feelgood Index. And we
need your help to ensure that this initiative becomes a tremendous
success and provides real benefits to all MSI members.

The</description><pubDate>Thu, 22 Sep 2011 00:00:00 +0100</pubDate><a10:updated>2011-09-22T00:00:00+01:00</a10:updated><a10:content type="xhtml"><![CDATA[ 
As one of the world's leading associations of mid-tier law and
accounting firms, MSI Global Alliance is proud to announce the
launch of the MSI Global Feelgood Index. And we
need your help to ensure that this initiative becomes a tremendous
success and provides real benefits to all MSI members.

The purpose of this research is to establish a quarterly index
that will provide an insight into the 'Feelgood Factor' that
businesses are (or are not) experiencing around the world. Over
time, the index will gather momentum and become a major source of
positive publicity both for member firms and for MSI on a global
basis.

Polling MSI member firms, their clients and other business contacts
in over 100 countries worldwide, the questions cover seven key
areas of business. The answers will be collated and then weighted
to reflect the size of the different economies in the responding
countries, before being analysed by Joe Nellis, Professor of International
Management Economics at Cranfield School of Management, one of the
UK's leading Business Schools.&nbsp;

To gather data for the survey, please click on the 'Survey Monkey'
link below - and please feel free to forward it to as many
colleagues, clients and business contacts as possible. The survey
is very simple and should take no longer than a couple of minutes
to complete.

http://www.surveymonkey.com/s/QHJQLX6

We are not looking for a fixed number of responses. The more the
better. And with the way that the answers are being weighted, it
does not matter if we get varying number of responses from
different countries. The first Index will be published on our
website towards the end of October and we will ensure you are kept
informed.
]]></a10:content></item></channel></rss>
