Business confidence highest in more than three years

Fri, 18 Dec 2020

December headline business confidence moved back into positive territory for the first time since August 2017 and the outlook for firms' own activity also stormed higher. Business confidence rose 16 points to 9.4 percent of firms predicting better economic times over the coming year, and firms' expectations for their own activity rose 12 points to a net 21.7 percent.“The December ANZ business outlook survey was full of Christmas cheer,” said ANZ chief economist Sharon Zollner.Investment intentions were up 8 points at 8...

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