Bullish View on Global Economy Sharred by Top U.S. Executives

Global business optimism reaches highest level in survey history.

By ·

Optimism for the nation’s economic outlook among U.S. business leaders continued to rise from first quarter 2014, according to the latest data from the Grant Thornton International Business Report (IBR), a survey of more than 3,300 business leaders in 45 countries.

In second quarter 2014, optimism among U.S. business leaders rose eight percentage points to a net balance of 74%, marking the highest level since 2004.

The increase in optimism in the United States is consistent with what is occurring globally. In second quarter 2014, optimism among global business leaders rose two percentage points to a net balance of 46%. This marks the highest level in the survey’s history, and a 19% increase from one year ago.

The notion that U.S. business optimism is on the rise correlates with other recent research from the Grant Thornton LLP 2014 Spring CFO Survey.

The survey indicated that, for the first time since 2006, more CFOs believe the state of the U.S. economy will improve (51%) rather than remain the same or worsen (49%) during the next six months. This also marks the highest percentage in that survey’s history.

“Following a strong first quarter, business leaders across the globe continue to show levels of confidence we have not seen in more than a decade,” said Stephen Chipman, chief executive officer of Grant Thornton LLP. “The increase in optimism, coupled with recent improvements in key economic indicators may finally provide business leaders the confidence to invest in their businesses, create jobs and grow their operations in the coming months.”



IBR data reveals G7 business optimism rose to a record high net 53%, up from 28%in fourth quarter 2013. Optimism in the European Union, driven by Germany (79%), the United Kingdom (80%) and Ireland (84%), rose six percentage points to a net 43%, marking its highest level since 2007.

While optimism in the European Union and G7 economies both reached record highs, BRIC business optimism dropped four percentage points to a net balance of 36%.

Optimism in China, the world’s second largest economy, also dropped in second quarter 2014. Chinese business optimism decreased to a net balance of 30%, an eight percentage-point decrease from last quarter, but a substantial increase from net 4% one year ago. Additionally, Japanese business optimism decreased to a net 5%, down from 17% in the previous quarter


Subscribe to Logistics Management Magazine!

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your entire logistics operation.
Start your FREE subscription today!

Article Topics

All Topics
Latest Whitepaper
Outsourced Transportation Management
All the benefits of owning a fleet without the headache of managing it.
Download Today!
From the August 2017 Logistics Management Magazine Issue
Which carriers, third-party logistics providers, and North American ports have crossed the service excellence finish line ahead of their competitors? Our readers have cast their votes, and now it’s time to introduce this year’s winners of the coveted Quest for Quality Awards.
BMW Takes the Inland Road to Efficiency
Global Logistics: No Shortcuts to Security
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
Getting the most out of your 3PL relationship
Join Evan Armstrong, president of Armstrong & Associates, as he explains how creating a balanced portfolio of "Top 50" global and domestic partners can maximize efficiency and mitigate risk.
Register Today!
EDITORS' PICKS
34th Annual Quest for Quality Awards: Winners Revealed
Which carriers, third-party logistics providers, and North American ports have crossed the service...
2017 Top 50 3PLs: Investment and Consolidation Maintain Traction
The trend set over the past few years for mergers and acquisitions has hardly subsided, and a fresh...

2017 Salary Survey: Fresh Voices Express Optimism
Our “33rd Annual Salary Survey” reflects more diversity entering the logistics management...
LM Exclusive: Major Modes Join E-commerce Mix
While last mile carriers receive much of the attention, the traditional modal heavyweights are in...