Business confidence bounces back

ANZ chief economist Sharon Zollner says firms appear to be cautiously optimistic. (Image: ANZ)

Thu, 29 Jun 2023

Business confidence has risen to its highest level since November 2021, ANZ’s monthly survey has found.The research indicated business confidence was up 13 points in June, while still in negative territory at net -18.The survey recorded that firms’ expected own activity was up 8 points to net +3, the first time in 14 months that it's been in the black.“June saw activity indicators lift in a reasonably broad-based fashion. While the levels of many are still subdued, firms appear to be cautiously optimistic that the worst ma...

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