Peru stood at the forefront of Latin America's business confidence during the last quarter of 2016, YPO Global Pulse Confidence Index revealed.
The quarterly electronic survey, conducted in the first two weeks of January 2017, gathered answers from 1,514 YPO chief executive officers across the globe, including 125 in Latin America.
"Economic confidence in Peru increased 2.5 points to 69.3, making it the most confident country in Latin America," reads YPO's press release.
On a regional level, the index for Latin America climbed 2.4 points to 58.3 as the economic outlook in the region improves among YPO business leaders.
"For the third consecutive quarter, economic confidence in Latin America increased. YPO chief executives in the region are now more positive about business and economic conditions than at any time since January 2014," YPO Regional Marketing and PR Manager Angela Mers said.
Regional outlook
Elsewhere in the region, Colombia reported an improved outlook, gaining 5.6 points to 63.5, the executive noted.
Ecuador also saw a sharp jump in confidence, climbing 5.7 points to 48.2.
Global scenario
Globally, the YPO Global Pulse Index for the fourth quarter of 2016 climbed by 3.0 points to 62.2, its highest level for two years.
The United States was the most confident region in the world, climbing 4.2 points to 64.6, its highest level since January 2015.
On the other hand, confidence in the European Union edged up 0.2 point to 60.9, whereas Asia gained 1.2 points to 61.2.
Latin American expectations
The survey shows chief executives in Latin America are optimistic about the economic and business climate, expecting conditions to improve in the first semester of 2017.
"More than half (55%) of chief executives expected economic conditions to improve over this period, a significant upturn from the previous quarter," the YPO Manager said.
About YPO
YPO is the global platform for chief executives to engage, learn and grow.
Today, YPO empowers more than 24,000 members in more than 130 countries, diversified among industries and types of businesses. Altogether, YPO member-run companies employ more than 15 million people and generate USD6 trillion in annual revenues.
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