Bounce stalling?

Thu, 30 Jul 2020

The economy’s vigorous bounce out of lockdown appears to be topping out, with most activity indicators in the ANZ Business Outlook slipping slightly from their early-July preliminary reading, said chief economist Sharon Zollner. They are still up on June. “Bounces are fun, but this one has probably nearly run its course,” she said. A net 9 percent of firms expect weaker activity for their own businesses, well up on June’s -26 percent but “the improvement has stalled,” Zollner said. She noted that 7...

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