Business confidence down

Business confidence has faltered over the September quarter, with the latest Business Expectations survey showing a general decline across forecasts for sales, profit and selling prices. The retail sector was particularly hard hit across all of its indices, while the construction and services sectors also saw some declines across several key measures.

Key Insights:

  • Sales and profits falter over Q3
  • Retail figures plummet
  • Employment, capital investment expectations steady
  • Pessimism grows in services, retail sectors
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