Reuters :
Business optimism at Asia’s top companies dwindled in the third quarter to near a four-year low, with concern over China’s economic health sending sentiment in Singapore to its lowest ever and neighbouring Indonesia was only marginally less downbeat.
Optimism was highest in the Philippines while Thai firms were likewise positive, albeit far less than in the second quarter when they had the brightest outlook in the region.
The Thomson Reuters/INSEAD Asian Business Sentiment Index, representing the six-month outlook at 79 firms, was 60 for July-September versus 71 three months prior, exceeding the 50 mid-point separating optimists from pessimists.
Business optimism at Asia’s top companies dwindled in the third quarter to near a four-year low, with concern over China’s economic health sending sentiment in Singapore to its lowest ever and neighbouring Indonesia was only marginally less downbeat.
Optimism was highest in the Philippines while Thai firms were likewise positive, albeit far less than in the second quarter when they had the brightest outlook in the region.
The Thomson Reuters/INSEAD Asian Business Sentiment Index, representing the six-month outlook at 79 firms, was 60 for July-September versus 71 three months prior, exceeding the 50 mid-point separating optimists from pessimists.
