Research & Reports

2024 Business Confidence Index Report

With a maximum score of 100, an index above 50 indicates a generally optimistic outlook while below 50 indicates a generally pessimistic view.

Confidence decreased in four out of five categories, leading to an overall decrease in the Composite Index score, from 60.2 to 58.2.

However, 58.2 is above the 10-year average of 54.7 and is the third-highest score in the last decade (also tied with 2019’s 58.2 score).

The largest change in views was about net profits, which decreased by 3.9 points. Expectations about capital expenditures were up 2.2 points to 63.4, the highest in the survey’s 16-year history.