Business confidence a tad higher but residential construction a red flag

Wed, 29 May 2019

By Rebecca Howard May 29 (BusinessDesk) - Business confidence lifted slightly in May but was still in the doldrums, with residential construction intentions tumbling despite a capital gains tax being ruled out. A net 32 percent of the 364 respondents to the ANZ business outlook expect general business conditions will deteriorate over the coming year, versus 37.5 percent in April. Regarding expectations for firms' own activity, a net 8.5 percent anticipate an improvement, compared to 7.1 percent a month earlier. The story was different...

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