Business Outlook Survey – November 2009

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(CC) Danny McL/Flickr

(CC) Danny McL/Flickr

KPMG has published the results of their latest Business Outlook Report, which reveals a sharp improvement in corporate confidence worldwide. Economic activity will pick up considerably in the next 12 months. However, the recovery could be less marked in Europe and Japan, where manufacturers expect to continue shedding jobs over the next 12 months. Optimism in Brazil was exceptionally strong. Greece was the only country in which manufacturers expected activity to contract in the next 12 months. The survey findings show confidence in the future business activity running at +42.9 in manufacturing and +46.5 in services. For the US and the BRIC economies, those figures rise to +54 and 54.1, respectively, in manufacturing and +65.6 and 51.9, respectively, in services.

View the survey on the web.