{"id":471835,"date":"2011-08-04T14:38:22","date_gmt":"2011-08-04T14:38:22","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/08\/04\/economic-sentiment-dips-among-african-ceos-%e2%80%93-survey\/"},"modified":"2011-08-04T14:38:22","modified_gmt":"2011-08-04T14:38:22","slug":"economic-sentiment-dips-among-african-ceos-survey","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/08\/04\/economic-sentiment-dips-among-african-ceos-survey\/","title":{"rendered":"Economic sentiment dips among African CEOs \u2013 Survey"},"content":{"rendered":"
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You Are Here: Home<\/a> \u00bb Africa\/International<\/a> \u00bb Economic sentiment dips among African CEOs \u2013 Survey<\/p>\n

\n

Page last updated at Thursday, August 4, 2011 14:14 PM \/\/ <\/span><\/div>\n

\"\"<\/a>The Young Presidents\u2019 Organization (YPO) Global Pulse Index for Africa declined by 2.1 points in the second quarter to 63.3, according to a statement issued by the organisation on Thursday.<\/p>\n

\u201cWhile confidence in the region has fallen in each of the past two quarters, at 63.3 it is still firmly in optimistic territory, above the global index reading of 61.3 and not far from Asia\u2019s confidence level of
64.9, the most optimistic reading in the global sample,\u201d it said.<\/p>\n

The survey captured answers from more than 2,000 CEOs representing businesses of all sizes. Altogether, the companies run by YPO members employ more than 15 million people and generate $5,400 billion in annual revenues.<\/p>\n

The statement received by GNA said the quarterly survey results were announced on Thursday by YPO, a not-for-profit global network of 18,000 chief executive officers.<\/p>\n

It said economic confidence among African CEOs dropped in tandem with the global sample as rising oil prices, sovereign debt concerns in the United States and European Union, and fiscal tightening in China all took their toll on economic sentiment across the globe.<\/p>\n

The survey found that African CEOs were more cautious about short-term outlook.<\/p>\n

It said when asked to evaluate economic conditions currently in comparison to what they were six months ago, survey participants were decidedly less upbeat that they had been in the prior quarter.<\/p>\n

\u201cSimilarly, when asked about how economic conditions six months from now might look compared to today, once again CEOs were markedly less optimistic than they were one quarter ago.<\/p>\n

\u201cThus, in the face of a slower pace of economic activity around the globe, survey participants became more cautious and indicated that the slowdown might last through the end of the year.\u201d<\/p>\n

The survey found that longer-term outlook was upbeat.<\/p>\n

\u201cLooking farther ahead, however, when asked about sales, hiring and investment prospects one year from now, CEO answers moved only marginally from what they were in the prior quarter.<\/p>\n

\u201cThe findings suggest that YPO members in Africa remain optimistic about economic prospects, but expect the acceleration to be more apparent after year-end.\u201d<\/p>\n

Regarding capital spending plans in particular, the YPO Fixed Investment Confidence Index for Africa actually rose 3.3 points to 67.9, the highest index level in the global sample.<\/p>\n

\u201cCEOs in Africa plan to continue stepping up capital spending even as many other regions of the world show signs of tapering their investment plans,\u201d said Khutso I. Mampeule, chairman of South Africa-based Lefa Group Holdings and chair of YPO\u2019s Africa region.<\/p>\n

\u201cWhile the region has not been without challenges in the first half of the year, YPO members remain optimistic about their business prospects over the next few quarters.\u201d<\/p>\n

The YPO Global Pulse Confidence Index combines CEO answers about expected and most-recent-quarter sales, employee numbers, fixed investment and business conditions.<\/p>\n

The index is centred on 50. An index reading below 50 indicates a negative outlook \u2013 the lower the number, the more negative the outlook. A reading above 50 indicates a positive outlook \u2013 the higher the number, the more positive the outlook.<\/p>\n

Source: GNA<\/p>\n

Comments<\/h4>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

You Are Here: Home \u00bb Africa\/International \u00bb Economic sentiment dips among African CEOs \u2013 Survey Page last updated at Thursday, August 4, 2011 14:14 PM \/\/ The Young Presidents\u2019 Organization (YPO) Global Pulse Index for Africa declined by 2.1 points in the second quarter to 63.3, according to a statement issued by the organisation on Thursday. \u201cWhile confidence in the region has fallen in each of the past two quarters, at 63.3 it is still firmly in optimistic territory, above the global index reading of 61.3 and not far from Asia\u2019s confidence level of 64.9, the most optimistic reading in the global sample,\u201d it said. The survey captured answers from more than 2,000 CEOs representing businesses of all sizes. Altogether, the companies run by YPO members employ more than 15 million people and generate $5,400 billion in annual revenues. The statement received by GNA said the quarterly survey results were announced on Thursday by YPO, a not-for-profit global network of 18,000 chief executive officers. It said economic confidence among African CEOs dropped in tandem with the global sample as rising oil prices, sovereign debt concerns in the United States and European Union, and fiscal tightening in China all took their toll on economic sentiment across the globe. The survey found that African CEOs were more cautious about short-term outlook. It said when asked to evaluate economic conditions currently in comparison to what they were six months ago, survey participants were decidedly less upbeat that they had been in the prior quarter. \u201cSimilarly, when asked about how economic conditions six months from now might look compared to today, once again CEOs were markedly less optimistic than they were one quarter ago. \u201cThus, in the face of a slower pace of economic activity around the globe, survey participants became more cautious and indicated that the slowdown might last through the end of the year.\u201d The survey found that longer-term outlook was upbeat. \u201cLooking farther ahead, however, when asked about sales, hiring and investment prospects one year from now, CEO answers moved only marginally from what they were in the prior quarter. \u201cThe findings suggest that YPO members in Africa remain optimistic about economic prospects, but expect the acceleration to be more apparent after year-end.\u201d Regarding capital spending plans in particular, the YPO Fixed Investment Confidence Index for Africa actually rose 3.3 points to 67.9, the highest index level in the global sample. \u201cCEOs in Africa plan to continue stepping up capital spending even as many other regions of the world show signs of tapering their investment plans,\u201d said Khutso I. Mampeule, chairman of South Africa-based Lefa Group Holdings and chair of YPO\u2019s Africa region. \u201cWhile the region has not been without challenges in the first half of the year, YPO members remain optimistic about their business prospects over the next few quarters.\u201d The YPO Global Pulse Confidence Index combines CEO answers about expected and most-recent-quarter sales, employee numbers, fixed investment and business conditions. The index is centred on 50. An index reading below 50 indicates a negative outlook \u2013 the lower the number, the more negative the outlook. A reading above 50 indicates a positive outlook \u2013 the higher the number, the more positive the outlook. Source: GNA Comments <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-471835","post","type-post","status-publish","format-standard"],"yoast_head":"\nEconomic sentiment dips among African CEOs \u2013 Survey - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2011\/08\/04\/economic-sentiment-dips-among-african-ceos-survey\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Economic sentiment dips among African CEOs \u2013 Survey - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"You Are Here: Home \u00bb Africa\/International \u00bb Economic sentiment dips among African CEOs \u2013 Survey Page last updated at Thursday, August 4, 2011 14:14 PM \/\/ The Young Presidents\u2019 Organization (YPO) Global Pulse Index for Africa declined by 2.1 points in the second quarter to 63.3, according to a statement issued by the organisation on Thursday. \u201cWhile confidence in the region has fallen in each of the past two quarters, at 63.3 it is still firmly in optimistic territory, above the global index reading of 61.3 and not far from Asia\u2019s confidence level of 64.9, the most optimistic reading in the global sample,\u201d it said. The survey captured answers from more than 2,000 CEOs representing businesses of all sizes. Altogether, the companies run by YPO members employ more than 15 million people and generate $5,400 billion in annual revenues. The statement received by GNA said the quarterly survey results were announced on Thursday by YPO, a not-for-profit global network of 18,000 chief executive officers. It said economic confidence among African CEOs dropped in tandem with the global sample as rising oil prices, sovereign debt concerns in the United States and European Union, and fiscal tightening in China all took their toll on economic sentiment across the globe. The survey found that African CEOs were more cautious about short-term outlook. It said when asked to evaluate economic conditions currently in comparison to what they were six months ago, survey participants were decidedly less upbeat that they had been in the prior quarter. \u201cSimilarly, when asked about how economic conditions six months from now might look compared to today, once again CEOs were markedly less optimistic than they were one quarter ago. \u201cThus, in the face of a slower pace of economic activity around the globe, survey participants became more cautious and indicated that the slowdown might last through the end of the year.\u201d The survey found that longer-term outlook was upbeat. \u201cLooking farther ahead, however, when asked about sales, hiring and investment prospects one year from now, CEO answers moved only marginally from what they were in the prior quarter. \u201cThe findings suggest that YPO members in Africa remain optimistic about economic prospects, but expect the acceleration to be more apparent after year-end.\u201d Regarding capital spending plans in particular, the YPO Fixed Investment Confidence Index for Africa actually rose 3.3 points to 67.9, the highest index level in the global sample. \u201cCEOs in Africa plan to continue stepping up capital spending even as many other regions of the world show signs of tapering their investment plans,\u201d said Khutso I. Mampeule, chairman of South Africa-based Lefa Group Holdings and chair of YPO\u2019s Africa region. \u201cWhile the region has not been without challenges in the first half of the year, YPO members remain optimistic about their business prospects over the next few quarters.\u201d The YPO Global Pulse Confidence Index combines CEO answers about expected and most-recent-quarter sales, employee numbers, fixed investment and business conditions. The index is centred on 50. An index reading below 50 indicates a negative outlook \u2013 the lower the number, the more negative the outlook. A reading above 50 indicates a positive outlook \u2013 the higher the number, the more positive the outlook. 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The survey captured answers from more than 2,000 CEOs representing businesses of all sizes. Altogether, the companies run by YPO members employ more than 15 million people and generate $5,400 billion in annual revenues. The statement received by GNA said the quarterly survey results were announced on Thursday by YPO, a not-for-profit global network of 18,000 chief executive officers. It said economic confidence among African CEOs dropped in tandem with the global sample as rising oil prices, sovereign debt concerns in the United States and European Union, and fiscal tightening in China all took their toll on economic sentiment across the globe. The survey found that African CEOs were more cautious about short-term outlook. It said when asked to evaluate economic conditions currently in comparison to what they were six months ago, survey participants were decidedly less upbeat that they had been in the prior quarter. \u201cSimilarly, when asked about how economic conditions six months from now might look compared to today, once again CEOs were markedly less optimistic than they were one quarter ago. \u201cThus, in the face of a slower pace of economic activity around the globe, survey participants became more cautious and indicated that the slowdown might last through the end of the year.\u201d The survey found that longer-term outlook was upbeat. \u201cLooking farther ahead, however, when asked about sales, hiring and investment prospects one year from now, CEO answers moved only marginally from what they were in the prior quarter. \u201cThe findings suggest that YPO members in Africa remain optimistic about economic prospects, but expect the acceleration to be more apparent after year-end.\u201d Regarding capital spending plans in particular, the YPO Fixed Investment Confidence Index for Africa actually rose 3.3 points to 67.9, the highest index level in the global sample. \u201cCEOs in Africa plan to continue stepping up capital spending even as many other regions of the world show signs of tapering their investment plans,\u201d said Khutso I. Mampeule, chairman of South Africa-based Lefa Group Holdings and chair of YPO\u2019s Africa region. \u201cWhile the region has not been without challenges in the first half of the year, YPO members remain optimistic about their business prospects over the next few quarters.\u201d The YPO Global Pulse Confidence Index combines CEO answers about expected and most-recent-quarter sales, employee numbers, fixed investment and business conditions. The index is centred on 50. An index reading below 50 indicates a negative outlook \u2013 the lower the number, the more negative the outlook. A reading above 50 indicates a positive outlook \u2013 the higher the number, the more positive the outlook. 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