September 10, 2022
In August, the ANZ bank business outlook indicator increased. As a result, a net 47.8% of enterprises said that they anticipate general business circumstances to deteriorate in the coming year, down from a net 56.7% of firms in July who anticipated worsening general business conditions. As a result, the headline continued to be below the net-0% cutoff point that separates business optimism from pessimism.
With relation to credit availability, planned investments, and commercial construction, business sentiment improved.
A measure that has a better association to GDP growth is enterprises’ expectations for their own activity, which increased to a net negative 4.0% in August from a net negative 8.7% in July.
Source: Focus Economics
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither Karen Audit nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.
