Ondanks het feit dat een lichte daling van 1,4 procent in het vertrouwen van bedrijven in bedrijfsinvesteringen, handhaafde India het hoogste jaar-op-jaar vertrouwensgroei onder 32 economieën die werden onderzocht in Q3 2025, met een robuuste stijging van 12,6 procent, volgens de D&B Global Business Investment Confidence Index van Dun & Bradstreet (D&B), een data- en analyticsbedrijf.
According to the report, the Global Business Investment Confidence Index fell by 13.1 percent quarterly-on-quarter (QOQ) for Q3 2025, the third consecutive quarter of contraction. The fall in trust is widely based, whereby companies report sharp falls in all five subindices, compared to Q2 2025, when only the amount of capital expenditures and the size of the workforce would fall.
The report emphasizes that almost half of the companies (46.8 percent) reported the stability of the supply chain as very important for determining investments for Q3 2025, while tariff uncertainty was the lowest determining factor, comparable to domestic interest rates. This is in line with the findings reported earlier in this report; The Global Supply Chain Continuity Index is the lowest of all our indices, at 99.9 for Q3.
In the global scenario, investment confidence fell more in advanced economies than in emerging economies. Even after excluding the US, which has the greatest weight and fell 16.7 percent qoq, confidence in advanced economies fell more than in emerging economies. France, Japan, Germany and Spain registered the biggest falls in advanced economies and reversed improvements in Q2.
Under emerging economies, the largest QoQ decreases were registered by the Russian Federation (-26.1 percent), Brazil (-23.9 percent) and South Africa (-20.7 percent). The Central Bank of Brazil has aggressively increased the SELIC rate by 425 BPS since last year, so that the plans for capital expenditure are heavily damped. The US is the third largest market in South Africa for exporting cars, so companies in South Africa are greatly exposed to 25 percent rates. The production sector registered a larger decrease (-17.2 percent) in investment confidence than the service sector (-10.8 percent) for Q3 2025.
The largest decreases were the manufacturers of capital goods (-33.1 percent), food (-26.9 percent) and cars (-26.4 percent). The production of chemicals of the production sectors reported the smallest fall in trust, of -14.8 percent, albeit still a significant decrease. This can reflect the exemptions for new American rates, in particular those related to pharmaceutical products.
For Q3 2025, positive capacity use of 68.9 percent for the service sector and 69.3 percent for the production sector, the first QOQ increase since Q1 2024, according to the report reported positive. “Although this is a positive signal for future capital expenditure, the level below the 2024 averages of 73.9 percent and 74.1 percent respectively remains for services and production,” the report added.
Published on July 19, 2025
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