CFO confidence in business and economic conditions
Quarterly surveys, Q1 2020 to Q4 2025; Most recently conducted with 200 CFOs from Nov. 14 to Dec. 8, 2025
A line chart shows quarterly CFO confidence scores on business and economic conditions from Q1 2020 to Q4 2025. Scores peak at 7.2 in Q2 2021 and drop to a low of 4.6 in Q4 2022. Confidence declines through 2023, then gradually rises to 6.6 by Q4 2025. A score of 1 to 3 is considered "very low"; 3-5 is "low"; 5-6 is "medium"; 6-8 is "high" and 8-10 is "very high." The typical range of the confidence score is between four and seven.