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- In the December ANZ Business Outlook Survey headline business confidence lifted meaningfully
In the December ANZ Business Outlook Survey headline business confidence lifted meaningfully
Business confidence rose 13 points in December. Firms’ views of their own activity lifted 6 points.
Expected profitability and employment, investment and export intentions rose, and perceived availability of credit jumped sharply. Marring the picture a little, most indicators for the agriculture sector deteriorated.
In the December ANZ Business Outlook Survey headline business confidence lifted meaningfully. That said, it remains in the red, with a net 24% of respondents reporting they expect general business conditions to deteriorate in the year ahead. More importantly, firms’ perceptions of their own activity rose 6 points to a net 14% expecting a lift. The construction sector continued to be the most optimistic at +22%. The retail sector remains the least positive (1.9%).
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