Ongoing fall in inflation indicators

Inflation expectations are flat – the index has been largely unchanged for three months. (Image: Getty)

Thu, 27 Apr 2023

Business confidence was flat in the latest ANZ Business Outlook (ANZBO) survey for April.The headline confidence reading from the survey was a -43.8, marginally worse than the -43.4 registered in March. The index has been largely unchanged for three months.There was some good news on the inflation front, with cost, pricing and overall inflation expectations all decreasing – although all three remain elevated.Profit expectations also took a further hit as the squeeze comes on the economy.Interest rate implicationsANZ chief economist S...

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