Business confidence in the dumps as Iran war lingers
ANZ’s monthly measure of firms’ confidence falls, while fuel stocks remain healthy.
ANZ chief economist Sharon Zollner.
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Business confidence levels have fallen as inflation expectations climb with the Iran war dragging on into May.
ANZ’s monthly measure showed firms’ confidence fell from 32.5 in March to -10.6 in April, with agriculture and services the most downbeat.
Expected ‘own activity’ fell from 39.3 to
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