The Q2 2024 GBOI survey results suggest that manufacturing businesses around the world are expecting to turn the corner. In the current survey, for the first time since the reports began, businesses have shared a favorable view on input cost pressures; moreover, confidence in financial conditions has remained unchanged from Q1 2024, implying that businesses are coping well with relatively tight financial conditions.
The survey has again indicated that confidence in supply chain continues to remain shaky, mainly due to forced rerouting of shipments on the back of geopolitical events. One in seven businesses indicate that recent geopolitical events impacted their operations due to supply chain disruption. In fact, most companies said they felt the biggest impact of recent geopolitical events through delays or cancellations of their investment plans, closely followed by higher operational costs.
Our Global Business Optimism Index report looks at the ambitions and emotions of business leaders to bring you a holistic perspective of the economic landscape.
Our report – covering 32 economies (representing around 70% of global GDP) – is a synthesis of data from an extensive survey of around 10,000 companies. This broad reach ensures that the insights provided are representative and reflect diverse global perspectives.
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