Resume by Martin Gøttske
A new poll shows that Asian firms’ confidence has risen to the highest level in almost seven years due to robust consumption and global trade.
The Thomson Reuters/INSEAD Asian Business Sentiment Index, representing the six-month outlook of 94 firms, rose to 78 for the December quarter from 69 three months before.
Improvement in sentiment in Australia, China and South Korea drove gains in the overall index. Sentiment in Indonesia and Thailand was also strong, showing that many countries in Asia continue to benefit from accelerating global growth.