Business Confidence is an economic indicator based on surveys of business leaders regarding their outlook on the economy and their own company's performance. It covers critical aspects such as production levels, new orders, and employment intentions for the coming months. High business confidence is a leading indicator, as it often precedes increased capital expenditure and hiring, signaling future economic expansion.
The indicator is typically based on a diffusion index derived from surveys where respondents rate the relative level of business conditions. A reading above a certain threshold (like 50 or 0) indicates optimism, while a reading below indicates pessimism.
| Date | Actual | Forecast | Surprise |
|---|---|---|---|
| Sep 14, 2026 | — | 47.90 | — |
| Aug 13, 2026 | 46.30 | 44.80 | +1.50 |
| Jul 13, 2026 | 44.40 | 46.30 | -1.90 |
| Jun 15, 2026 | 46.70 | 46.50 | +0.20 |
| May 15, 2026 | 47.20 | 46.00 | +1.20 |
| Apr 15, 2026 | 45.20 | 46.00 | -0.80 |
| Mar 18, 2026 | 46.60 | 47.50 | -0.90 |
| Feb 19, 2026 | 48.20 | 48.80 | -0.60 |
| Jan 16, 2026 | 48.50 | 48.50 | 0.00 |
| Dec 11, 2025 | 48.00 | 48.60 | -0.60 |
| Nov 13, 2025 | 48.30 | 47.80 | +0.50 |
| Oct 13, 2025 | 47.20 | 46.00 | +1.20 |
| Sep 11, 2025 | 46.20 | 46.00 | +0.20 |
| Aug 13, 2025 | 46.10 | 47.00 | -0.90 |
| Jul 10, 2025 | 47.30 | 48.50 | -1.20 |
| Jun 12, 2025 | 48.60 | 49.10 | -0.50 |
| May 15, 2025 | 48.90 | 47.50 | +1.40 |
| Apr 11, 2025 | 48.00 | 49.00 | -1.00 |
| Mar 18, 2025 | 49.20 | 48.90 | +0.30 |
| Feb 19, 2025 | 49.10 | 48.80 | +0.30 |
| Jan 16, 2025 | 49.10 | 49.80 | -0.70 |
| Dec 11, 2024 | 50.10 | 51.00 | -0.90 |
| Nov 12, 2024 | 52.60 | 52.90 | -0.30 |
| Oct 9, 2024 | 53.20 | 54.00 | -0.80 |
| Sep 13, 2024 | 53.30 | 53.00 | +0.30 |
| Aug 14, 2024 | 51.70 | 49.80 | +1.90 |
| Jul 12, 2024 | 50.10 | 52.00 | -1.90 |
| Jun 14, 2024 | 51.40 | 52.40 | -1.00 |
| May 13, 2024 | 52.20 | 51.00 | +1.20 |
| Apr 17, 2024 | 51.50 | 52.70 | -1.20 |
| Mar 12, 2024 | 52.80 | 53.00 | -0.20 |
| Feb 19, 2024 | 52.70 | 52.90 | -0.20 |
| Jan 15, 2024 | 53.20 | 51.30 | +1.90 |
| Dec 12, 2023 | 51.00 | 51.00 | 0.00 |
| Nov 17, 2023 | 50.40 | 50.20 | +0.20 |
| Oct 17, 2023 | 50.50 | 51.50 | -1.00 |
| Sep 14, 2023 | 51.90 | 53.70 | -1.80 |
| Aug 11, 2023 | 53.20 | 51.50 | +1.70 |
| Jul 12, 2023 | 51.10 | 50.80 | +0.30 |
| Jun 14, 2023 | 50.40 | 49.70 | +0.70 |
| May 12, 2023 | 49.20 | 48.00 | +1.20 |
| Apr 17, 2023 | 48.80 | 49.00 | -0.20 |
| Mar 10, 2023 | 49.90 | 46.00 | +3.90 |
| Feb 10, 2023 | 50.60 | 48.00 | +2.60 |
| Jan 12, 2023 | 48.60 | 51.00 | -2.40 |
| Dec 12, 2022 | 50.80 | 51.00 | -0.20 |
| Nov 11, 2022 | 51.70 | 59.00 | -7.30 |
| Oct 13, 2022 | 60.20 | 59.00 | +1.20 |
| Sep 14, 2022 | 62.80 | 59.00 | +3.80 |
| Aug 11, 2022 | 59.80 | 58.00 | +1.80 |
| Jul 12, 2022 | 57.80 | 58.00 | -0.20 |
