Upbeat mood lifts business expectations to three-year high
Buoyant economic conditions have lifted business confidence to a three-year high, according to illion’s latest Business Expectations analysis. The Business Expectations Index is up 16.4 percent year-on-year (23.7 points), indicating a strong June quarter ahead for Australian business.
“Our analysis shows companies are experiencing strong sales performance and profits. Yet there remains a sharp contrast between these results and stalling consumer confidence as Australian households struggle with rising debt and stagnant wage growth.”
Simon Bligh, illion CEO