Business confidence by country
Every economy Bullrun holds a reading for: 41 in all, ranked highest first. Greece is the highest at 101.8 and Estonia the lowest at 96.7; the median is 99.7. 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.
- Economies covered41
- Highest101.8 Greece
- Lowest96.7 Estonia
- Median99.7
Business confidence by country, ranked
| # | Economy | Business confidence | Band | Period | Source |
|---|---|---|---|---|---|
| 1 | Greece | 101.8 | Well above average | 2026-08 | OECD |
| 2 | Israel | 101.7 | Well above average | 2026-07 | OECD |
| 3 | Latvia | 101.4 | Above average | 2026-08 | OECD |
| 4 | Japan | 101.4 | Above average | 2026-06 | OECD |
| 5 | Netherlands | 101.1 | Above average | 2026-08 | OECD |
| 6 | Spain | 101.0 | Above average | 2026-08 | OECD |
| 7 | Costa Rica | 101.0 | Above average | 2026-08 | OECD |
| 8 | Sweden | 101.0 | Above average | 2026-08 | OECD |
| 9 | Finland | 100.7 | Above average | 2026-08 | OECD |
| 10 | Colombia | 100.6 | Above average | 2026-07 | OECD |
| 11 | France | 100.6 | Above average | 2026-08 | OECD |
| 12 | Switzerland | 100.6 | Above average | 2026-08 | OECD |
| 13 | Lithuania | 100.4 | Above average | 2026-08 | OECD |
| 14 | United States | 100.4 | Above average | 2026-08 | OECD |
| 15 | Luxembourg | 100.3 | Above average | 2026-08 | OECD |
| 16 | Italy | 100.3 | Above average | 2026-08 | OECD |
| 17 | New Zealand | 100.1 | Above average | 2026-06 | OECD |
| 18 | Norway | 100.0 | Just below average | 2026-06 | OECD |
| 19 | Slovenia | 99.7 | Just below average | 2026-08 | OECD |
| 20 | Czechia | 99.7 | Just below average | 2026-08 | OECD |
| 21 | Australia | 99.7 | Just below average | 2026-05 | OECD |
| 22 | Turkey | 99.7 | Just below average | 2026-08 | OECD |
| 23 | Poland | 99.6 | Just below average | 2026-08 | OECD |
| 24 | South Korea | 99.6 | Just below average | 2026-08 | OECD |
| 25 | Germany | 99.6 | Just below average | 2026-08 | OECD |
| 26 | Brazil | 99.6 | Just below average | 2026-08 | OECD |
| 27 | Canada | 99.6 | Just below average | 2026-04 | OECD |
| 28 | South Africa | 99.5 | Just below average | 2026-09 | OECD |
| 29 | Portugal | 99.5 | Just below average | 2026-08 | OECD |
| 30 | Austria | 99.3 | Just below average | 2026-08 | OECD |
| 31 | Ireland | 99.2 | Just below average | 2026-08 | OECD |
| 32 | Hungary | 99.2 | Just below average | 2026-08 | OECD |
| 33 | United Kingdom | 99.1 | Just below average | 2026-08 | OECD |
| 34 | Indonesia | 99.0 | Below average | 2026-06 | OECD |
| 35 | Chile | 98.9 | Below average | 2026-07 | OECD |
| 36 | Belgium | 98.7 | Below average | 2026-08 | OECD |
| 37 | Mexico | 98.4 | Below average | 2026-07 | OECD |
| 38 | China | 98.4 | Below average | 2026-08 | OECD |
| 39 | Denmark | 98.2 | Below average | 2026-08 | OECD |
| 40 | Slovakia | 97.1 | Below average | 2026-08 | OECD |
| 41 | Estonia | 96.7 | Well below average | 2026-04 | OECD |
How the scale reads
| Band | What it means | Economies |
|---|---|---|
| < 97 | Well below average - against this country's own long-run average, which is what 100 means | 1 |
| 97 to 99 | Below average | 7 |
| 99 to 100 | Just below average | 16 |
| 100 to 101.5 | Above average | 15 |
| 101.5+ | Well above average | 2 |
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 41 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