Business confidence weaker with construction sector in freefall

Wed, 31 Jul 2019

By Rebecca Howard July 31 (BusinessDesk) - Business confidence continued to weaken in July with sentiment in the construction sector particularly dour. A net 44.3 percent of the 363 respondents to the ANZ Business Outlook expect general business conditions will deteriorate during the coming year, compared with 38.1 percent in June. A net 56.5 percent of construction firms expect a deterioration. Optimism about their own activity dimmed, with a net 5 percent anticipating an improvement for their own businesses, compared to 8 percent a...

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