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YPO: Short-term business outlook weakens among EU business leaders
LONDON - After a nine-month run at its highest level in the five-year history of the YPO Global Pulse survey, CEO sentiment in the European Union dipped 2.5 points over the third quarter of 2014 to a cautiously optimistic 60.0. Confidence in Germany, the region's biggest economy, fell 4.5 points to 54.0 on the heels of a second-quarter economic contraction, while the United Kingdom dipped 2.3 points to 68.4, erasing most of its gains of the previous quarter.
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"The slight decline in EU business sentiment over the past three months is not surprising when you consider the international events that have unfolded in that time," said Anastasios Economou, managing director of iGroup and an executive member of YPO 's Greater Europe Chapter. "However, the small magnitude of the move as well as the fact that most of it was attributed to short-term expectations indicates that the outlook of CEOs in the region about the prospects for their businesses has not changed much. The focus is on much needed structural reforms in Europe and the expectation that the current geopolitical instability will not be long-lived."
Sentiment among business leaders in most EU countries became slightly less positive over the third quarter. Beyond the dips in Germany and United Kingdom, Spain and Italy slipped 1.2 points and 1.7 points, respectively, both to their lowest levels all year. Of the major economies, only France enjoyed an increase in confidence, landing at 54.7, up from the anaemic level of 52.0 registered in July.
The quarterly electronic survey, conducted in the first two weeks of October, gathered answers from 2,431 chief executive officers across the globe, including 295 in the European Union. Globally, t he YPO Global Pulse Confidence Index edged down 0.8 point on moderate declines in most regions, remaining in optimistic territory at 63.2. Visit www.ypo.org/globalpulse for more information about the survey methodology and results from around the world. A more detailed version of this release may be found at www.ypo.org/news-media/press-releases/ .
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 Exchange . Founded in 1950, YPO today provides 22,000 peers and their families in more than 125 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 .
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Contact:
YPO (Young Presidents' Organization)
Michèle Foster
+33 6 8494 9788 (Europe)
press@ypo.org
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