Information on business and consumer confidence, obtained through the tendency surveys and shaped in so-called confidence indicators, are systematically collected to signal changes in economic activity, detect turning points within the economic cycle, provide macroeconomic surveillance and design short-term assessments and forecasts. A confidence indicators is a statistical indicator based on the results from business aurveys and consumers interrogating enterprise on their current economic situation and their expectations about future developments. Five separate confidence indicators are produced, for: industry, construction, services, retail trade and consumers. Each confidence indicator is calculated as the simple arithmetic average of the seasonally adjusted balances of positive and negative answers to specific questions. Therefore, the aim of this paper is to evaluate whether the dynamics of confidence indicators can be related to the dynamics of relevant macroeconomic variables on the supply-side in Croatia. The correlation (cross correlation) and causality (Granger Causality) were analyzed between the five sectoral reliability indicators and the selected macroeconomic variables, and were also offered clear results from the VAR analysis for cooperation with the previous conclusions. Finally, we recommend that in order to be able to track overall economic activity, a broader economic sentiment indicator (ESI) should be calculated (and observed) as a composite indicator of these confidence indicators.