Business confidence improves in early reading - still dire

Rebecca Howard
Tue, 09 Jun 2020

Business confidence continues to tick up as the country moves back to normality after covid-19 restrictions have all-but lifted, but remains extremely weak in ANZ’s preliminary reading for June. The latest data show a net 33 percent of early respondents expect the economy to deteriorate in the coming year versus a net 42 percent who were negative in May. A net 29 percent of firms are expecting their own activity to shrink versus 39 percent in May.   On the investment front, a net 22 percent expect to reduce spending versus 32 percent in t...

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