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Asian firms' confidence sinks to near three-year low on trade war fears, survey finds

US-China trade war

Asian firms' confidence sinks to near three-year low on trade war fears, survey finds

Reuters Published on Wed, Sep 19, 2018 / 1:01 PM GMT+8

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JAKARTA (Sept 19): Confidence among Asian companies slumped to the weakest in almost three years in the third quarter as businesses feared blowback from a worsening global trade war, a Thomson Reuters/INSEAD survey showed.

Representing the six-month outlook of 104 firms, the Thomson Reuters/INSEAD Asian Business Sentiment Index fell to 58 for the July-September quarter, its lowest since the fourth quarter of 2015, from 74 three months before.

It was a second straight quarter-on-quarter decline for the index and the pace of the fall was the steepest recorded since the survey began in 2009. A reading above 50 indicates a positive outlook.

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Asian firms' confidence sinks to near three-year low on trade war fears, survey finds

US-China trade war

Asian firms' confidence sinks to near three-year low on trade war fears, survey finds

Primary tabs

Error message

Asian firms' confidence sinks to near three-year low on trade war fears, survey finds

US-China trade war

Asian firms' confidence sinks to near three-year low on trade war fears, survey finds

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