Aussie business confidence drops to an 18-month low
Business confidence for the second quarter of 2019 has fallen sharply, as uncertainty over the Australian election result and global issues like Brexit and US-China trade disruptions continue to put a dampener on the economy, according to illion’s latest Business Expectations analysis.
“With tax policy issues dominating the May Federal election campaign, the domestic economy is on something of an uncertain path. Global economic conditions will also continue to influence the Australian business climate in 2019.”
Simon Bligh, illion CEO
“This fall in expectations is consistent with official indicators for the economy,
which saw GDP growth fall in per capita terms through the second half of 2018. Meanwhile, the actual performance of the economy has fallen 3.1% over the year, despite being broadly flat in recent quarters.”
Stephen Koukoulas, illion Economic Adviser