Business gets gloomier again, ending recent recovering trend

Thu, 28 Feb 2019

By Jenny Ruth Feb. 28 (BusinessDesk) - Businesses became gloomier in February, belying expectations that firms were coming out of their funk, and various activity indicators also ticked down. ANZ Bank’s headline business confidence index sank 7 points in the latest month with a net 31 percent of respondents expecting general business conditions to deteriorate in the year ahead. Still, it’s better than the recent low back in August of a net 50 percent expecting general business conditions to worsen. A net 11 percent of firms are stil...

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