Early signs businesses are shaking off their gloom in July

Thu, 09 Jul 2020

Firms are shaking off their pessimism about the looming recession and even the near-term employment picture improved markedly in ANZ Bank’s preliminary July business outlook survey. A net 6.8 percent of firms now expect lower activity for their own business in the year ahead, 19.1 points higher than in the June survey. Headline business confidence also improved, with a net 29.8 percent of firms predicting a downbeat economy versus net 34.4 percent pessimism in the prior survey. On the employment front, a net 15.3 percent of firms expe...

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