Business confidence down

Business confidence has faltered over the September quarter, with the latest illion Business Expectations survey showing a general decline across forecasts for sales, profit and selling prices.

Simon Bligh, illion CEO

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“The threat of global trade conflicts is contributing to a renewed fall in business confidence. Trade risks have intensified over the past few months and business leaders, particularly those with a heavy focus on export markets, are watching these developments closely. Economic data also continues to remain mixed, both in Australia and abroad, and we are seeing leaders take a cautious approach to spending and investment in these uncertain times.”

Simon Bligh, illion CEO