Business confidence rallies but pessimism prevails
Construction sector shows most improvement while retail is weakest.
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Headline business confidence rallied in October but still remains deeply pessimistic.
The ANZ Business Outlook survey jumped 12 points from -53.5 to -42.4 while firms’ views of their own activity dropped two points to -4%, the fifth fall in a row. This is the lowest level since April 2009 but
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