Optimism's rising among businesses - largely driven by construction
Optimism's rising among businesses - largely driven by construction
31 October 2024
ANZ's October business outlook has business confidence up five points on 66 - a 10-year high.
Meanwhile, the proportion of businesses feeling they're faring well, has climbed to minus-11 - that highest point since March.
Chief economist Sharon Zollner says it boils down to interest rates.
She says fewer construction firms say they're not busy - than a year ago.
She says they're still the majority so it's still tough times - but things are just starting to look up a little.
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