Business confidence still low but lifting

ANZ's Sharon Zollner says the bank's latest confidence outlook shows some positive indications. (Image: ANZ)

Wed, 31 May 2023

Businesses remain gloomy, but confidence and expected own activity indicators both lifted in the ANZ Business Outlook for May.This month’s survey brought a bounce in several activity indicators, while inflation indicators continued to creep lower.ANZ chief economist Sharon Zollner said: “On the other hand, employment intentions eased. This may not all be due to smaller desired staff numbers; it may partly reflect that some long-running vacancies have now been filled as labour supply has increased.“Most inflation indicators eas...

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