Asian business confidence gains steam, pandemic still top risk – Thomson Reuters/INSEAD survey
Asian firms turned most optimistic in the fourth quarter this year, a Thomson Reuters/INSEAD survey showed, as business activity picked up in the region and COVID-19 vaccines started rolling out in Western countries ahead of their Asian launch.
The outlook for Asian companies in the next six months tracked by the Thomson Reuters/INSEAD Asian Business Sentiment Index jumped to 62 this quarter from 53 in the third quarter.
The latest number according to the survey of 101 firms across 11 Asia-Pacific countries was the highest since the fourth quarter of 2019. A reading above 50 indicates a positive outlook.
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Asian business confidence gains steam, pandemic still top risk: Thomson Reuters/INSEAD survey
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Asian business confidence gains steam, pandemic still top risk - Thomson Reuters/INSEAD survey Reuters 23/12/2020 By Anshuman Daga
By Anshuman Daga
SINGAPORE (Reuters) - Asian firms turned most optimistic in the fourth quarter this year, a Thomson Reuters/INSEAD survey showed, as business activity picked up in the region and COVID-19 vaccines started rolling out in Western countries ahead of their Asian launch. © Reuters/FRANCIS MASCARENHAS FILE PHOTO: Vials of AstraZeneca s COVISHIELD, coronavirus disease (COVID-19) vaccine, are seen before they are packaged inside a lab at Serum Institute of India, Pune
The outlook for Asian companies in the next six months tracked by the Thomson Reuters/INSEAD Asian Business Sentiment Index jumped to 62 this quarter from 53 in the third quarter.