Business confidence gap narrows: Survey

ISTANBUL – Hürriyet Daily News

The Regus survey indicates that while confidence levels have risen to 109 in mature economies, there has been a drop to 117 in emerging countries. DAILY NEWS photo

A fall in business confidence in fast-growing emerging economies, such as Turkey, has reduced the gap with mature markets, as efficiency becomes the key driver to remaining competitive without compromising on growth, according to the latest Regus Business Confidence Index (BCI) survey.

The Regus survey of more than 20,000 senior executives across 95 countries indicates that while confidence levels have risen by five points to 109 in mature economies, there has been as drop of nine points to 117 in emerging countries. In Turkey, business confidence has dropped to 112 from 125 points in April 2013, just under the global average of 113 points.

The report also shows that Turkish businesses will focus on finding cost-effective services providers over the next 12 months to optimize business processes and gain maximum advantage from existing assets without compromising on expansion plans.

“While mature economies are showing confidence gains as their economic outlook turns positive, the emerging world is slowing the pace of growth as businesses aim to become increasingly efficient to promote productivity. Our research also shows that utilizing flexible workspaces can have a significant impact on the bottom line, encouraging sustainable growth,” said Regus CEO Mark Dixon.