ANZ says business confidence is battling on

Tue, 28 Feb 2023

ANZ Bank says the "shock value" of the November monetary policy statement is starting to fade slightly as businesses focus on what lies ahead.ANZ's business outlook survey for February showed that business confidence has increased by another 9 points but is still down overall by 43 points.Inflation expectations remain elevated, with a net 80% of respondents expecting higher costs in 2023, chief economist Sharon Zollner said.Investment intentions also remain strong, and employment intentions are at a record high – but busines...

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