Trade & Sector NewsGlobal Business Outlook: Vaccine progress lifts global business confidence

The IHS Markit Global Business Outlook Survey – based on responses from a panel of 12,000 companies between February 2-25 – pointed to a notable improvement in business confidence at the start of the year.

At +32%, up from +26% in October 2020, the business activity net balance indicated the strongest degree of optimism in three years.

 

Key facts

 

  • Sentiment towards business activity hits three-year high
  • Largest improvements seen in Europe, particularly Spain, Ireland and the UK
  • Confidence unchanged on late-last year in Brazil, China, Japan and the US
  • Staff hiring and investment plans improve globally, led by upward revisions in Europe
  • Inflationary pressures set to intensify due to difficulties in international shipping

 

Source: https://www.markiteconomics.com

 

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