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ANZ Business Outlook - The Ageing Process
SUMMARY • The economy is into its eighth year of economic expansion and while business confidence is well off its peak, survey indicators are still pointing to solid growth. • Firms are optimistic about their own businesses, and still want to hire and invest. Readings remain elevated. • Our composite growth indicator is pointing to 3½-4% growth. A net 11% of businesses are optimistic about the year ahead. That’s unchanged from March and “average”. Sentiment was down in retailing and manufacturing but up in agriculture, construction and the service sector. While headline confidence is “average”, there ... (full story)