Business confidence falls, inflation expectations rise: ANZ
Lower interest rates not filtering through to business optimism and costs just yet.
Inflation expectations lifted to 2.7% in January.
Business confidence has eased, while inflation expectations have lifted, according to ANZ’s latest pulse of the business community.
Confidence among firms fell 8 points to 54 in January, while expected ‘own activity’ eased 4 points to 46, both still at high levels.
Past activity, a good measure
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