Business confidence slips to new 10-year low in September

Mon, 30 Sep 2019

By Rebecca Howard Sept. 30 (BusinessDesk) - Business confidence slipped further in September and the central bank will be disappointed its 50 basis point rate cut in August doesn't appear to be having much impact, ANZ Bank said in its monthly business outlook survey. A net 53.5 percent of the 391 respondents expect general business conditions will deteriorate during the coming year, compared with 52.3 percent in August. Firms' optimism about their own activity also fell, with a net 1.8 percent now expecting things to get worse compar...

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