Optimism about business activity in Asia has increased for the third quarter in a row, according to the Thomson Reuters/INSEAD Asia Business Sentiment Survey.
The overall index in the second quarter increased to 71, the highest in five quarters, from 65 in the previous quarter, and well above the 50-point border that separates optimism from pessimism.
Sentiment varied considerably throughout the region. Topping the list with the most optimistic view of economic conditions was Indonesia, Asean’s biggest economy, gaining 25 points from 75 to 100. Nine companies responded to the survey and all nine said their outlook was positive, accounting for the maximum possible score of 100.
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