June business confidence weakens amid domestic, global headwinds

Thu, 27 Jun 2019

By Rebecca Howard June 27 (BusinessDesk) - Business confidence has reversed the gains made last month amid on-going domestic and global headwinds, according to an ANZ Bank monthly survey. A net 38.1 percent of the 376 respondents to the ANZ Business Outlook expect general business conditions will deteriorate during the coming year, compared with 32 percent in May and 37.5 percent in April. A net 8 percent anticipate an improvement for their own businesses, compared to 8.5 percent a month earlier. “The outlook for the economy is murky,...

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