Asian business sentiment hits seven-year high - Thomson Reuters/INSEAD

Dhwani Mehta FXStreet

The latest survey conducted by Thomson Reuters/INSEAD showed that the Asian Business Sentiment Index, representing the six-month outlook of 67 firms, edged one notch higher to 79 for the January-March quarter compared with three months before.

The rise in the Sentiment Index marks the highest levels in seven years.

Antonio Fatas, a Singapore-based economics professor at global business school INSEAD, noted: “The improvement is not dramatic but with a historical perspective this is a good reading.”

The survey showed Thailand, the Philippines and Malaysia displaying robust sentiment, showing that many countries in Asia continue to benefit from accelerating global growth.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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