Business confidence by country

Every economy Bullrun holds a reading for: 42 in all, ranked highest first. New Zealand is the highest at 102.8 and Ireland the lowest at 95.7; the median is 100.0. Each row carries its own period and source, because these providers publish on different calendars - two rows in this table can be more than a year apart.

Business confidence by country, ranked

#EconomyBusiness confidenceBandPeriodSource
1New Zealand102.8Well above average2026-09OECD
2Israel101.8Well above average2026-09OECD
3Japan101.7Well above average2026-09OECD
4United Kingdom101.7Well above average2026-10OECD
5Spain101.6Well above average2026-10OECD
6Greece101.5Well above average2026-10OECD
7Latvia101.4Above average2026-10OECD
8Sweden101.3Above average2026-10OECD
9Lithuania101.2Above average2026-10OECD
10Netherlands101.0Above average2026-10OECD
11France101.0Above average2026-10OECD
12Switzerland101.0Above average2026-09OECD
13Costa Rica101.0Above average2026-08OECD
14Colombia100.9Above average2026-09OECD
15Italy100.6Above average2026-10OECD
16United States100.5Above average2026-10OECD
17Finland100.3Above average2026-10OECD
18Luxembourg100.3Above average2026-10OECD
19Norway100.1Above average2026-09OECD
20Germany100.1Above average2026-10OECD
21Slovenia100.0Just below average2026-10OECD
22Australia99.9Just below average2026-08OECD
23Belgium99.8Just below average2026-10OECD
24Portugal99.8Just below average2026-10OECD
25Hungary99.8Just below average2026-10OECD
26South Korea99.6Just below average2026-10OECD
27Poland99.6Just below average2026-10OECD
28Canada99.6Just below average2026-07OECD
29South Africa99.5Just below average2026-09OECD
30Austria99.4Just below average2026-10OECD
31Turkey99.2Just below average2026-10OECD
32Denmark99.2Just below average2026-10OECD
33Indonesia99.0Just below average2026-09OECD
34Chile98.9Below average2026-10OECD
35Brazil98.9Below average2026-10OECD
36Mexico98.4Below average2026-10OECD
37China98.3Below average2026-10OECD
38Czechia98.3Below average2026-10OECD
39Slovakia98.0Below average2026-10OECD
40Estonia96.7Well below average2026-04OECD
41India95.9Well below average2026-05OECD
42Ireland95.7Well below average2026-10OECD

How the scale reads

BandWhat it meansEconomies
< 97Well below average - against this country's own long-run average, which is what 100 means3
97 to 99Below average6
99 to 100Just below average13
100 to 101.5Above average14
101.5+Well above average6

These are the same bands that shade the map on the Global Markets dashboard, so a country's colour there and its band here always agree.

What this measures

Business confidence for 42 economies, as the OECD's amplitude-adjusted index where 100 is that country's OWN long-run average - so the numbers are already comparable across countries without a second normalisation, and the whole cross-section packs into roughly 95 to 104. This is soft data: it moves before output does, which is the point of watching it, but it measures sentiment rather than activity.

Source: OECD composite leading indicators, monthly. Coverage differs from metric to metric because these providers cover different sets of economies, and a gap is left as a gap rather than filled from a proxy - an absent economy is one we hold no reading for, never a zero. See the data license.

Other metrics by country

Global markets dashboard · Every economy scored · Screen stocks by country