OECD Business Confidence · China

## What this measures

This measures standardised business confidence in China, an index that captures sentiment among firms about current and near-term operating conditions. The OECD compiles and normalises the indicator to make it comparable across countries and time, with 100 representing the long-run average.

## Background

OECD standardised business confidence for China.

OECD Composite Leading Indicators dataflow (DSD_STES@DF_CLI), amplitude adjusted, 100 = long-run average. Synced monthly by /api/cron/oecd-sync.

## Why it matters

Business confidence in the world's second-largest economy signals whether firms expect demand, output and investment to expand or contract, which affects supply chains, export markets and global growth. A sustained shift in Chinese sentiment can precede changes in manufacturing activity, trade flows and commodity demand that ripple through multinational operations.

## How to read it

The index oscillates around 100; values above indicate stronger-than-average confidence, values below indicate weaker sentiment. A rising index suggests improving business expectations, while a falling index points to deteriorating sentiment among Chinese firms.

## What it does not say

This is a composite confidence measure, not a forecast of GDP or a breakdown of sentiment by sector or firm size. It reflects expectations rather than actual production, sales or investment outcomes.

## Source

The OECD publishes this series in its Composite Leading Indicators dataflow. Palanor pulls OECD data through the OECD SDMX API under a CC BY 4.0 licence.