Canada: business confidence index 2023

Canada's business economic index (BCI) stood at 96.9 points as of July 2023. During 2022, the highest BCI was recorded in January. Afterwards, the index dropped, reaching 99.31 as of December 2022.
In 2022, Canada's gross domestic product increased compared to the previous year and amounted to about 1.74 trillion Canadian dollars.

Business confidence index (BCI) in Canada from January 2020 to July 2023

Characteristic	Business confidence index
Jul 2023	96.9
Jun 2023	97.23
May 2023	97.56
Apr 2023	97.9
Mar 2023	98.26
Feb 2023	98.62
Jan 2023	98.97
Dec 2022	99.31
Nov 2022	99.63
Oct 2022	99.98
Sep 2022	100.38
Aug 2022	100.85
Jul 2022	101.42
Jun 2022	102.12
May 2022	102.83
Apr 2022	103.39
Mar 2022	103.66
Feb 2022	103.77
Jan 2022	103.88
Dec 2021	104.05
Nov 2021	104.22
Oct 2021	104.26
Sep 2021	104.06
Aug 2021	103.71
Jul 2021	103.34
Jun 2021	103
May 2021	102.7
Apr 2021	102.4
Mar 2021	102.06
Feb 2021	101.7
Jan 2021	101.33
Dec 2020	100.96
Nov 2020	100.55
Oct 2020	100.05
Sep 2020	99.37
Aug 2020	98.54
Jul 2020	97.6
Jun 2020	96.6
May 2020	95.79
Apr 2020	95.57
Mar 2020	96.33
Feb 2020	97.6
Jan 2020	98.8

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Release date

February 2024

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Region

Canada

Survey time period

January 2020 to July 2023

Supplementary notes

Amplitude adjusted, long-term average = 100.
Date of release is date of access.
The business confidence index (BCI) is based on enterprises' assessment of production, orders and stocks, as well as its current position and expectations for the immediate future. Opinions compared to a “normal” state are collected and the difference between positive and negative answers provides a qualitative index on economic conditions.

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