Expected selling prices up amid growing concerns over consumer confidence
The illion business expectations survey retained a positive outlook for the March quarter – with business expectations rising 4.5% annually to 23.2 points, while actual performance increased 5.3% to 16.6 points. Both measures remain firm.
“The business expectations survey asked firms which issue would likely have the biggest influence on business activity in the March quarter of 2019. There was a sharp rise in responses suggesting consumer confidence was the key issue, most notably in retail and services. Concerns about consumer confidence last peaked in July this year.”
illion Economic Adviser, Stephen Koukoulas