CEO Comité Européen de l‘Outillage 
European Tool Committee 
Europäisches Werkzeugkomittee

Hopes of COVID-19 vaccine underpin stronger business optimism in October

The IHS Markit Global Business Outlook Survey – based on responses from 12,000 companies between October 9-29 – recorded the strongest degree of optimism among companies since late-2018. The business activity net balance rose from a near survey low of +15% in June to +26%. Hopes that a vaccine could be rolled out over the coming 12 months underpinned the improvement in confidence from the lows earlier in the year.


Key facts:

  • Global business optimism reaches two-year high, but with marked national variations
  • Sentiment has risen most sharply in India, followed by Brazil, Germany, Japan and the US
  • Confidence has fallen most sharply in Russia and Spain
  • Outlook towards hiring and investment turns positive, though Europe lags behind
  • Selling price inflation set to pick-up globally, despite falling prices in eurozone


Further information:

IHS Markit Global Business Outlook November 2020



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