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ANZ Business Outlook - More Substance than Spin
•A firming in business sentiment, firms’ own activity expectations and other components of the survey flag accelerating economic momentum. • Construction and services are the pace-setters, agriculture the laggard. The votes are in; confidence across the grass-roots of the business sector increased in June. A net 20% of businesses are optimistic about prospects over the coming year, up 9 points on the month prior and reaching a six-month high. First past the post was the construction sector (at +37, the highest since March 2015), with bipartisan support from services (+36). The zeitgeist is uniformly positive. A ... (full story)