Economic Sentiment
The OECD Composite Leading Indicator (CLI), business confidence (BCI) and consumer confidence (CCI) for 53 economies. Each is amplitude-adjusted to a long-term average of 100: above 100 is above-trend, below 100 is below-trend. The CLI is built to anticipate turning points in economic activity by roughly six to nine months, so its level and momentum give each country a cycle-phase read. For EU economies the European Commission's Economic Sentiment Indicator (ESI) is shown alongside. A fully sourced, freely reusable alternative to the proprietary PMIs. See also forecasts and the release calendar.
Latest reading: July 2026
| Country | CLI▼ | Δ | Cycle phase | Business | Δ | Consumer | Δ | EU ESI | Δ | CLI trend |
|---|---|---|---|---|---|---|---|---|---|---|
 BRABrazil | 103.5 | ▼ -0.1 | Slowdown | 99.2 | ▲ +0.3 | 100.1 | ▼ -0.0 | — | — | |
 MEXMexico | 103.0 | ▲ +0.1 | Expansion | 98.7 | ▼ -0.1 | 102.4 | -0.0 | — | — | |
 KORKorea, Rep. | 102.9 | ▲ +0.2 | Expansion | 98.6 | ▲ +0.1 | 101.2 | ▼ -0.2 | — | — | |
 CANCanada | 101.8 | ▲ +0.1 | Expansion | 99.1 | ▲ +0.4 | — | — | — | — | |
 INDIndia | 101.3 | ▲ +0.1 | Expansion | 99.6 | ▼ -0.2 | 102.7 | ▼ -0.3 | — | — | |
 USAUnited States | 100.8 | ▲ +0.0 | Expansion | 99.0 | ▲ +0.0 | 96.7 | ▲ +0.1 | — | — | |
 DEUGermany | 100.7 | ▼ -0.0 | Slowdown | 98.7 | -0.0 | 99.3 | ▼ -0.2 | 92.7 | ▲ +1.1 | |
 FRAFrance | 100.6 | -0.0 | Slowdown | 100.1 | ▲ +0.1 | 98.3 | ▼ -0.1 | 95.9 | ▲ +2.4 | |
 ESPSpain | 100.4 | ▼ -0.2 | Slowdown | 100.9 | ▲ +0.1 | 99.4 | ▼ -0.2 | 104.3 | ▲ +0.8 | |
 ZAFSouth Africa | 100.4 | ▼ -0.1 | Slowdown | 99.9 | ▲ +0.2 | 99.1 | ▲ +0.1 | — | — | |
 JPNJapan | 100.3 | ▲ +0.1 | Expansion | 101.1 | ▲ +0.1 | 98.8 | ▼ -0.2 | — | — | |
 GBRUnited Kingdom | 100.3 | ▼ -0.2 | Slowdown | 98.7 | ▼ -0.1 | 99.3 | ▼ -0.4 | — | — | |
 AUSAustralia | 100.2 | ▼ -0.1 | Slowdown | 100.4 | ▼ -0.0 | 99.0 | ▼ -0.3 | — | — | |
 TURTurkiye | 100.1 | ▼ -0.0 | Slowdown | 99.5 | ▲ +0.3 | 99.0 | ▲ +0.1 | 99.3 | ▲ +0.9 | |
 ITAItaly | 100.0 | ▼ -0.2 | Contraction | 100.1 | ▲ +0.1 | 99.4 | ▼ -0.3 | 99.6 | ▲ +0.4 | |
 IDNIndonesia | 99.7 | ▼ -0.3 | Contraction | 98.9 | ▼ -0.1 | 101.4 | ▼ -0.0 | — | — | |
 CHNChina | 98.6 | ▼ -0.0 | Contraction | 98.3 | ▲ +0.1 | 95.7 | ▲ +0.0 | — | — | |
 AUTAustria | — | — | — | 98.6 | ▲ +0.1 | 98.4 | ▼ -0.1 | 92.9 | ▲ +5.3 | |
 BELBelgium | — | — | — | 99.2 | ▼ -0.1 | 99.0 | ▼ -0.3 | 88.8 | ▼ -2.2 | |
 BGRBulgaria | — | — | — | 101.3 | ▲ +0.1 | — | — | 94.7 | ▼ -0.3 | |
 CHESwitzerland | — | — | — | 99.9 | ▲ +0.3 | 97.8 | ▼ -0.1 | — | — | |
 CHLChile | — | — | — | 99.3 | ▲ +0.4 | 100.5 | -0.0 | — | — | |
 COLColombia | — | — | — | 100.0 | ▼ -0.4 | 102.0 | ▼ -0.1 | — | — | |
 CRICosta Rica | — | — | — | 101.7 | ▼ -0.1 | 104.9 | ▲ +0.2 | — | — | |
 CZECzechia | — | — | — | 98.7 | ▼ -0.2 | 102.3 | ▼ -0.1 | 102.6 | ▲ +1.2 | |
 DNKDenmark | — | — | — | 98.2 | ▼ -0.3 | 98.4 | ▲ +0.0 | 90.0 | ▲ +1.6 | |
 EA20Euro area | — | — | — | 99.3 | ▲ +0.1 | 98.8 | ▼ -0.3 | 96.7 | ▼ -0.4 | |
 ESTEstonia | — | — | — | 97.0 | ▲ +0.1 | 96.2 | ▼ -0.2 | 89.7 | ▼ -1.3 | |
| EU27EU27 | — | — | — | 99.2 | ▲ +0.1 | 98.6 | ▼ -0.3 | 97.2 | ▲ +1.5 | |
 FINFinland | — | — | — | 99.5 | ▼ -0.1 | 97.2 | ▼ -0.6 | 102.3 | ▲ +1.8 | |
 GRCGreece | — | — | — | 101.9 | ▼ -0.2 | 97.8 | ▼ -0.1 | 107.6 | ▼ -0.6 | |
 HRVCroatia | — | — | — | 101.3 | ▼ -0.1 | — | — | 104.4 | ▲ +0.5 | |
 HUNHungary | — | — | — | 98.4 | -0.0 | 100.8 | ▲ +0.1 | 104.5 | ▲ +3.5 | |
 IRLIreland | — | — | — | 99.1 | ▼ -0.1 | 98.1 | ▼ -0.3 | 97.5 | ▲ +0.9 | |
 ISRIsrael | — | — | — | 102.3 | ▲ +0.2 | 99.2 | ▼ -0.2 | — | — | |
 LTULithuania | — | — | — | 101.2 | ▲ +0.4 | 101.7 | ▼ -0.4 | 103.3 | ▲ +1.1 | |
 LUXLuxembourg | — | — | — | 98.6 | +0.0 | 99.5 | ▼ -0.4 | 102.9 | ▲ +7.1 | |
 LVALatvia | — | — | — | 101.2 | ▲ +0.0 | 101.1 | ▼ -0.2 | 100.3 | ▲ +3.8 | |
 NLDNetherlands | — | — | — | 100.4 | ▲ +0.0 | 99.0 | ▼ -0.4 | 102.9 | ▲ +1.3 | |
 NORNorway | — | — | — | 99.8 | ▲ +0.1 | — | — | — | — | |
 NZLNew Zealand | — | — | — | 102.5 | ▲ +0.7 | 98.6 | ▼ -0.1 | — | — | |
 POLPoland | — | — | — | 99.6 | ▲ +0.1 | 100.7 | -0.0 | 100.0 | ▼ -0.1 | |
 PRTPortugal | — | — | — | 100.3 | ▲ +0.3 | 99.8 | ▼ -0.2 | 103.0 | ▲ +0.1 | |
 ROURomania | — | — | — | 99.9 | +0.0 | — | — | 92.8 | ▲ +1.1 | |
 SVKSlovak Republic | — | — | — | 98.4 | ▲ +0.2 | 99.0 | ▼ -0.1 | 96.0 | ▲ +2.7 | |
 SVNSlovenia | — | — | — | 99.4 | ▲ +0.2 | 99.7 | ▲ +0.2 | 100.9 | ▲ +0.6 | |
 SWESweden | — | — | — | 99.9 | ▲ +0.1 | 99.6 | ▲ +0.1 | 104.3 | ▲ +1.5 | |
 CYPCyprus | — | — | — | — | — | — | — | 101.6 | ▼ -0.7 | |
 MLTMalta | — | — | — | — | — | — | — | 107.5 | ▼ -7.3 | |
 MKDNorth Macedonia | — | — | — | — | — | — | — | 99.0 | ▼ -0.5 | |
 MNEMontenegro | — | — | — | — | — | — | — | 108.5 | ▲ +1.4 | |
 ALBAlbania | — | — | — | — | — | — | — | 106.8 | ▼ -1.0 | |
 SRBSerbia | — | — | — | — | — | — | — | 98.6 | ▲ +8.4 |
Every value links to its source in the SOTW API.
Sources: OECD Main Economic Indicators — Composite Leading Indicators and Confidence Indicators; and the European Commission Business & Consumer Surveys (Economic Sentiment Indicator) via Eurostat — both licensed CC BY 4.0. Cycle-phase classification is computed by SOTW from the CLI level and its three-month momentum; it is a descriptive read of the OECD series, not a forecast. The CLI, BCI and CCI are among the cleanest public substitutes for the proprietary purchasing-managers' indices (S&P Global, ISM), which cannot be redistributed.