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2016-11-01

YPO Global Pulse Survey: EU business leaders the most confident in the world

LONDON - 1stNovember 2016
-YPO, the premier chief executive leadership organization in the world,
announced today that economic confidence amongst chief executives in the
European Union bounced back in the third quarter of the year, with EU
business leaders now reporting the highest levels of confidence in the world.

TheYPO Global PulseConfidence Index for the EU jumped 2.2 points to 60.7,
reflecting a striking level of optimism and ranking the EU as the most
confident region in the world. The EU surpassed both the United States and
Asia in confidence scores, and landed 1.5 points above the global score of
59.2. This positive economic outlook reverses the decline in the second
quarter of the year, which followed the United Kingdom's decision to leave
the European Union.

The increase in confidence across the EU was bolstered by an upturn in
confidence among the three largest economies in the region. Germany reported
a significant upswing in confidence, jumping 3.6 points, from 55.5 to 59.1.
France saw a more modest rise, climbing 1.0 point to 59.7, its highest level
since April 2015. The United Kingdom also reported an improvement in
confidence, gaining 1.6 points to land at 59.5. Having slumped 5.0 points in
the previous quarter, confidence bounced back amongst British business
leaders, as it became apparent that any meaningful moves to withdraw from the
EU will not take place for several years. A fall in the value of the British
pound also improved conditions for U.K. exporters.

Elsewhere, Spain also reported more positive economic sentiment, moving up 2.6
points from 64.3 to 66.9. Italy bucked the trend within the region, crashing
7.7 points from 63.4 to 55.7.

"There is obviously still a huge amount of uncertainty across Europe,
following the U.K. referendum result and continued concerns about the
financial stability of several economies in the region. However, business
leaders have recognised that the real impact of Brexit is unlikely to be felt
for some time and the current economic climate still offers strong
opportunities for growth and investment," said Nikolaus Weil, Managing
Partner of MindEx and a member of theYPOBerlin Chapter. "As chief executives
in the EU look forward to 2017, they will be keeping a close eye on the
political situation and monitoring key economic indicators."

Globally, the YPO Global Pulse Index fell by half a point to 59.2 for the
third quarter of 2016. Confidence held steady in the United States, edging
down just 0.4 point from 60.8 to 60.4. Asia fell 2.9 points to land at 60.0,
as the world's three largest economic regions reported confidence levels
within one point of each other. Elsewhere, confidence in Latin America
increased by 1.5 points to 55.9, whilst the Middle East and North Africa fell
2.0 points to 53.9, making it the most pessimistic region in the world.
Africa reported a more positive outlook, climbing 1.7 points to 55.5, its
highest level since July 2015.

Key findings in the EU

Confidence reboundsamong British business leaders
Having seen a sharp drop in confidence in the second quarter of the year,
following the U.K.'s decision to leave the European Union, there was a slight
upturn in sentiment in the third quarter.

When asked to assess whether business and economic conditions would improve
over the next six months, half (50%) of U.K. chief executives expected
conditions to stay the same, whilst 30% predicted an improvement and 20%
forecasted a deterioration. This compares favourably to the previous quarter
when, in the immediate aftermath of the U.K. 'Brexit' referendum, nearly half
(49%) of respondents expected conditions to worsen in the following six
months and only a quarter (26%) predicted an improvement in the economic
climate.

EU chief executives bullish about the year ahead
Business leaders in the EU reported improved levels of confidence in each of
the three main indices of the YPO Global Pulse Index, tracking sales, hiring
and fixed investment, and they remained bullish about the expectations for
their own organisations over the next 12 months.

Almost two-thirds (64%) predicted revenue growth over the next year, more than
a third (36%) forecasted increased headcount and 39% expected greater levels
of fixed investment.

YPO Global Pulse Confidence Index

The quarterly electronic survey, conducted in the first two weeks of October
2016, gathered answers from 1,625 chief executive officers across the globe,
including 216 in the European Union. Visit www.ypo.org/globalpulsefor more
information about the survey methodology and results from around the world.

# # #

About YPO

YPO is a global community of chief executives dedicated to becoming Better
Leaders through Lifelong Learning and Idea ExchangeTM. We create trusted
spaces where leaders gather, connect, share and grow. The YPO platform
provides more than 24,000 members in more than 130 countries - representing
diversified industries and types of businesses - with access to extraordinary
educational opportunities, alliances with leading institutions, and
interest-based communities to support their businesses, communities and
families. For more information, visitwww.ypo.org.

Contact:

YPO
Linda Fisk
Office: +1 972 629 7305 (United States)
Mobile: +1 972 207 4298
press@ypo.org

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This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Young Presidents’ Organization, Inc. via Globenewswire

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