Business confidence ‘finely balanced’

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...

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 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 US (-0.07) and UK (-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 is even lower (-0.28) than in the US.

Sign up to our free newsletters

Get the best updates straight to your inbox:

You can unsubscribe at any time by clicking the link in the footer of our emails. We use Mailchimp as our marketing platform. By subscribing, you acknowledge that your information will be transferred to Mailchimp for processing.