Business confidence down
Business confidence has faltered over the September quarter, with the latest illion Business Expectations survey showing a general decline across forecasts for sales, profit and selling prices.
"The threat of global trade conflicts is contributing to a renewed fall in business confidence. Trade risks have intensified over the past few months and
business leaders, particularly those with a heavy focus on export markets, are watching these developments closely. Economic data also continues to remain mixed,
both in Australia and abroad, and we are seeing leaders take a cautious approach to spending and investment in these uncertain times."
Simon Bligh, illion CEO