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 24, 2026 | — | 99.00 | — |
| Aug 21, 2026 | 103.00 | 101.00 | +2.00 |
| Jul 23, 2026 | 101.00 | 101.00 | 0.00 |
| Jun 23, 2026 | 100.00 | 101.00 | -1.00 |
| May 22, 2026 | 102.00 | 100.00 | +2.00 |
| Apr 23, 2026 | 100.00 | 99.00 | +1.00 |
| Mar 26, 2026 | 99.00 | 100.00 | -1.00 |
| Feb 24, 2026 | 102.00 | 104.00 | -2.00 |
| Jan 23, 2026 | 105.00 | 101.00 | +4.00 |
| Dec 18, 2025 | 102.00 | 98.00 | +4.00 |
| Nov 21, 2025 | 98.00 | 100.00 | -2.00 |
| Oct 23, 2025 | 101.00 | 96.00 | +5.00 |
| Sep 19, 2025 | 96.00 | 96.00 | 0.00 |
| Aug 22, 2025 | 96.00 | 96.00 | 0.00 |
| Jul 24, 2025 | 96.00 | 96.00 | 0.00 |
| Jun 20, 2025 | 96.00 | 97.00 | -1.00 |
| May 22, 2025 | 97.00 | 99.00 | -2.00 |
| Apr 25, 2025 | 99.00 | 96.00 | +3.00 |
| Mar 21, 2025 | 96.00 | 97.00 | -1.00 |
| Feb 21, 2025 | 97.00 | 96.00 | +1.00 |
| Jan 23, 2025 | 95.00 | 96.00 | -1.00 |
| Dec 19, 2024 | 97.00 | 96.00 | +1.00 |
| Nov 21, 2024 | 97.00 | 95.00 | +2.00 |
| Oct 24, 2024 | 92.00 | 98.00 | -6.00 |
| Sep 20, 2024 | 99.00 | 99.00 | 0.00 |
| Aug 23, 2024 | 99.00 | 96.00 | +3.00 |
| Jul 25, 2024 | 95.00 | 99.00 | -4.00 |
| Jun 21, 2024 | 99.00 | 100.00 | -1.00 |
| May 24, 2024 | 99.00 | 100.00 | -1.00 |
| Apr 25, 2024 | 100.00 | 102.00 | -2.00 |
| Mar 21, 2024 | 102.00 | 100.00 | +2.00 |
| Feb 22, 2024 | 100.00 | 99.00 | +1.00 |
| Jan 25, 2024 | 99.00 | 100.00 | -1.00 |
| Dec 21, 2023 | 100.00 | 98.00 | +2.00 |
| Nov 23, 2023 | 99.00 | 98.00 | +1.00 |
| Oct 19, 2023 | 98.00 | 99.00 | -1.00 |
| Sep 21, 2023 | 99.00 | 97.00 | +2.00 |
| Aug 24, 2023 | 96.00 | 99.00 | -3.00 |
| Jul 20, 2023 | 100.00 | 100.00 | 0.00 |
| Jun 22, 2023 | 101.00 | 98.00 | +3.00 |
| May 25, 2023 | 99.00 | 101.00 | -2.00 |
| Apr 20, 2023 | 101.00 | 103.00 | -2.00 |
| Mar 28, 2023 | 104.00 | 103.00 | +1.00 |
| Feb 22, 2023 | 104.00 | 103.00 | +1.00 |
| Jan 24, 2023 | 103.00 | 102.00 | +1.00 |
| Dec 15, 2022 | 101.00 | 100.00 | +1.00 |
| Nov 24, 2022 | 101.00 | 102.00 | -1.00 |
| Oct 20, 2022 | 103.00 | 101.00 | +2.00 |
| Sep 22, 2022 | 102.00 | 102.00 | 0.00 |
| Aug 25, 2022 | 104.00 | 104.00 | 0.00 |
| Jul 21, 2022 | 106.00 | 106.00 | 0.00 |
