ANZ's latest report shows businesses are feeling more optimistic for the future, than they have in years

The monthly update shows business confidence is at its highest in a decade - rising 23 points to 51.

Expected activity jumped to a seven-year high, increasing 21 points to 37.

However, actual business activity rose only one point to negative 21.

Chief Economist Sharon Zollner says many businesses are seeing the light at the end of the tunnel.

She says we'll have to wait and see if this hope actually impacts business decisions.