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2016-05-10

YPO Global Pulse Survey: EU business leaders remain most confident in the world for third consecutive quarter

LONDON - 10thMay 2016
-YPO, the premier network of global business leaders and chief executives,
announced that business leaders in the European Union remain more optimistic
about business and economic conditions than their counterparts anywhere else
in the world. TheYPO Global PulseConfidence Index for the EU witnessed a
moderate increase of 1.1 points to a confidence index of 61.6 in the first
quarter of 2016.

For the third consecutive quarter, EU business leaders recorded the highest
levels of economic confidence globally, as sentiment in most regions in the
world remained more cautious. This contrasts starkly with the situation from
2011-2013, at the height of the global economic recession and the debt
crisesacross Europe, when CEOs in the region reported the most pessimistic
economic outlook in the world.

However, confidence in the region has remained strong and stable over the last
two years, as the EU has experienced record low interest rates, a drastic
reduction in oil prices and a sharp drop in the value of the euro against the
dollar - all of which have bolstered EU exports and stimulated economic
growth.

Globally, in the first quarter of 2016, the YPO Global Pulse Index composite
score remained steady at 58.3, reflecting a stable economic outlook.
Confidence in Africa increased 2.2 points to a relatively positive 53.2 while
confidence in the United States edged up 0.5 point to 59.6. Economic
sentiment in Asia remained almost unchanged, gaining 0.3 point to 60.0 while
confidence in the Middle East slipped 0.8 point to 55.6. In Latin America,
confidence significantly declined 3.6 points to 50.8.

"It is remarkable that CEO confidence has held steady over the past few
months, when you consider the global market volatility as well as recent
political and economic challenges," said Nick Hungerford, founder and
director of Nutmeg and member of YPO Greater London Chapter. "It is
encouraging to see that business leaders across the EU remain optimistic
given that the European economy continues to grow at a moderate rate. As
ever, the world economy faces major challenges and CEOs will have to stay
alert and adapt their plans accordingly."

Key findings in the EU

CEOs in United Kingdom most optimistic in Europe:
The YPO Global Pulse Index for the United Kingdom jumped 4.0 points to 62.9 in
the first quarter, comfortably ahead of France and Germany, the other two
largest economies in the region. Both Germany and France experienced slight
reductions in confidence with France dropping 1.0 point to 56.2 and Germany
slipping 1.1 points to 59.3.

Spain recorded a significant decline in confidence, falling 4.9 points to
62.5, although it remained in firmly optimistic territory. Similarly, in
Poland, confidence declined 5.7 points to land at 62.7.

On the other hand, there were notable improvements in confidence in several
countries, including some economies that required IMF assistance to navigate
sovereign debt crises in 2011-2012. Greece climbed 5.2 points to 54.5, its
highest level since the second quarter of 2014.

Record confidence levels for future sales, hiring and fixed investment:
When assessing the economy one year from now, business leaders in the EU
reported record levels of optimism for each of the three individual
components of the index, tracking sales, employment and fixed investment
forecasts. The YPO Global Pulse Sales Index for the European Union jumped 2.6
points to 70.0, its highest level in the seven-year history of the survey.
The Employment Index rose 1.8 points to 60.6, another record high, and the
Fixed Investment Index climbed 1.7 points to 61.9, matching its previous high
in the second quarter of 2015.

As many as two-thirds (67%) of CEOs in EU expected to increase turnover in the
next 12 months, 40% anticipated to increase headcount, and 42% expected to
increase fixed investment. Only 5% of CEOs predicted sales and staff numbers
to decline, and 6% expected fixed investment to decrease in the next year.

More caution outlook relating to wider economic conditions:
When it came to looking at the wider economic and business conditions in which
their organisations operate six months from now, CEOs were more cautious than
in fourth quarter 2015. More than one-third (35%) of respondents predicted
conditions will improve in the next six months, down from 40% in the previous
survey. More than a fifth (22%) expected conditions to deteriorate, compared
to only 16% in the previous quarter.

YPO Global Pulse Confidence Index

The quarterly electronic survey, conducted in the first two weeks of April
2016, gathered answers from 2,209 YPO chief executive officers across the
globe, including 455 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 the premier chief executive leadership organization in the world,
representing a global community of leaders committed to the shared mission of
becoming "Better Leaders Through Lifelong Learning and Idea Exchange." YPO
today provides more than 24,000 members in more than 130 countries with
access to extraordinary educational resources, alliances with leading
institutions, and specialized networks designed to support their business,
community and personal leadership. Altogether, YPO member-run companies
employ more than 15 million people around the world and generate USD6
trillion in annual revenues. 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 OMX Corporate Solutions on behalf of NASDAQ OMX 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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