Business sentiment in Taiwan turns optimistic: survey
Central News Agency
2014-06-18 11:07 PM
Taipei, June 18 (CNA) Taiwan shook away the gloom of economic slowdown over the second quarter as companies turned optimistic over the future, according to an international survey published Wednesday. The ThomsonReuters/INSEAD Asia Business Sentiment Survey, showed the business sentiment index in Taiwan rose to a score of 67 from the previous quarter's 50. A reading above 50 indicates an overall positive outlook. "Optimism returned to Taiwan's sentiment index, reversing the decline in the March quarter," the report said. "Two of the six respondents turned positive in their outlook compared with none in the last survey." The respondents had lingering concerns, however, about the global economy, rising costs and exchange rate volatility. The report noted that two of six respondents lowered employment levels this quarter compared with steady levels in last quarter though two companies reported an increase in orders as compared to just one in the previous quarter. Overall, business sentiment among Asia's top companies in the second quarter of this year showed improvement. Of the 124 companies across the region responding to the poll, none reported a negative outlook for the first time in the survey's history, the report said. The ThomsonReuters/INSEAD Asia Business Sentiment Index jumped to 74 in the second quarter compared to 64 in the January-March period, representing the highest level since the start of 2012, the report said. The poll conducted by ThomsonReuters and INSEAD, a global management and business school, was carried out June 2-13. (By Kuay Chau-churh and Elizabeth Hsu)
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