Global Business Optimism Continues to Climb as Businesses Indicate Sustained Confidence

Dun & Bradstreet (NYSE:DNB), a leading global provider of business decisioning data and analytics, today released its Q2 2024 Global Business Optimism Insights report. The latest quarterly report highlights a sustained positive trend in the global business outlook, with the Dun & Bradstreet Global Business Optimism Index rising 5.4% quarter over quarter.

While there has been continued improvement in business optimism, Dun & Bradstreet’s forward-looking report reveals a persistently declining optimism in the Global Supply Chain Continuity Index, which slipped 8% for Q2, following a 6% decline in Q1. The primary reason for this decline is the forced rerouting of shipments due to geopolitical events across major trade routes. Dun & Bradstreet’s survey data shows that 1 in 7 businesses find their operations were impacted by supply chain disruption. However, businesses are adapting by implementing contingency plans and diversifying their supplier base across different regions.

“The continued improvement in overall business optimism indicates that businesses are regaining stability after grappling with inflationary pressures and global monetary tightening,” said Neeraj Sahai, President of Dun & Bradstreet International. “Today's supply chains face unprecedented risks from volatile trade relations, civil unrests, extreme weather, and disasters such as the recent incident in Baltimore. Increasingly businesses are mitigating these risks by leveraging data to identify opportunities for reshoring, nearshoring, and friend shoring.”

Key findings from the Q2 report reveals:

• The Global Business Optimism Index increased 5.4%, with businesses feeling more optimistic about the global macroeconomic environment, particularly regarding inflation. For the first time since the launch of the survey in 2023, businesses are optimistic about input costs, aiding a recovery in optimism for manufacturers globally.
  
  
• The Global Supply Chain Continuity Index continues to slip, declining 8% in the quarter. Geopolitical tensions are causing supply chain disruptions across major trade routes, compelling businesses to adopt lengthier alternative routes. Nearly 1 in 6 businesses are increasing investments in supply chain risk management to mitigate disruptions.
  
  
• The Global Business Financial Confidence Index was essentially unchanged for the quarter, falling 0.4%. Firms remain optimistic about operating conditions supporting balance sheets. Among advanced economies, the index fell 2.3% but improved 5.5% for emerging economies.