Business confidence deteriorates in August

Thu, 29 Aug 2019

By Rebecca Howard Aug. 29 (BusinessDesk) - Business confidence tumbled further in August with employment, investment and export intentions all falling to "dismal levels," ANZ Bank said in its monthly business outlook survey. A net 52.3 percent of the 395 respondents expect general business conditions will deteriorate during the coming year, compared with 44.3 percent in July and 38.1 percent in June. The agriculture sector is the most downbeat, with a net 68.3 percent expecting things to get worse. Services and construction are neck and...

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