SINGAPORE--(BUSINESS WIRE)--The YPO Global Pulse Confidence Index for the ASEAN sub-region fell 4.9 points from 65.0 to 60.1 in the second quarter of 2015. But despite this decline, CEOs in the ASEAN region remained relatively positive, with confidence levels in line with the solid global reading of 60.9, and not far below the overall Asia reading of 62.0.
The most significant declines in confidence occurred in Indonesia, Malaysia and Singapore. Confidence actually increased amongst CEOs in Vietnam and Thailand.
“Sluggish global demand, the slowdown in China, and the sharp decline in commodities prices have cast a shadow on the export-reliant ASEAN nations, particularly the commodity-oriented economies of Indonesia and Malaysia,” said Terry O’Connor, regional chief executive officer of Courts Asia and the regional chair of the YPO Southeast Asia region. “The near collapse of China’s Shanghai Composite Index during the month of June added to the concern.”
The YPO Global Pulse Confidence Index declined 0.6 point, from 61.5 to 60.9, in the second quarter of 2015. This was the fourth consecutive drop in global confidence from a near-record high of 64.0 one year ago, but each of the quarterly declines have been modest. Across the globe, confidence declined 0.5 point to 62.8 in the United States while in the European Union, it declined 0.9 point to 61.6. Latin America recorded its third consecutive drop in confidence, falling 2.3 points to 50.1, the lowest level among all nine regions.
YPO Global Pulse Confidence Index
The quarterly electronic survey, conducted in the first two weeks of July 2015, gathered answers from 2,127 chief executive officers across the globe, including 276 in Asia. Visit www.ypo.org/globalpulse for more information about the survey methodology and results from around the world.
About YPO
YPO (Young Presidents’ Organization) is a not-for-profit, global network of young chief executives connected through the shared mission of becoming Better Leaders Through Education and Idea ExchangeTM. Founded in 1950, YPO today provides 23,000 peers and their families in 130 countries with access to unique experiences, extraordinary educational resources, access to alliances with leading institutions, and participation in specialised networks to support their business, community and personal leadership. Altogether, YPO member-run companies employ more than 15 million people around the world and generate US$6 trillion in annual revenues. For more information, visit www.ypo.org.
