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ANZ Business Outlook - Fun and Games
Business confidence and firms’ own activity expectations were broadly unchanged in August, but stronger after adjusting for seasonality. Together with firms’ elevated employment and investment intentions, the survey points to good times continuing for the economy. That said, pricing and inflation gauges remain soft. The weather may be cooler, but firms still appear happy to be outside and enjoying running around in the fresh air. The net number of businesses optimistic towards prospects over the coming year was unchanged in August at 16%. Service sector firms are the most optimistic, and while the ... (full story)