Actual Results Suggest Solid Expansion in 2H

Australian business had a strong first quarter of 2018, boosting confidence for the second half of 2018, according to illion’s latest Business Expectations analysis.

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“The June quarter results suggest the official GDP data for that period, which are due in September, will register solid growth. The upbeat view of business expectations was broad-based, with expected sales and profits both rising and the outlook for employment also positive. This fits with the run of recent official labour force data that surprised many market forecasters with a strong rise”

illion Economic Adviser, Stephen Koukoulas