lundi 30 mars 2015
ANZ Business Outlook: Sultans of the Upswing
Posted on 19:07 by nice news
Business confidence ticked up two points in March: the economic expansion
continues at a robust pace.
• Firms’ own activity expectations, employment and investment intentions are
all elevated. We’re picking 3% growth over the year ahead.
• Agriculture lifted the most this month, though it remains the least confident
sector. Next month could be telling, given dairy prices have resumed falling.
• Pricing gauges picked up, but off lows.
The economy remains ensconced in a tunnel of love, with sentiment riding
high. This economic expansion is no one, two, or even three trick pony. There is
an eastbound train and multiple sectors and regions are on it.
• Business confidence is high. A net 36% of firms are optimistic about the
general economy. Sentiment is buoyant and positive across all the five major
sub-sectors and negative in only one region (Taranaki).
• Businesses remain very optimistic about their own prospects (+42, up 1).
That’s what firms know best and it’s therefore the real litmus test, with a
strong correlation to GDP growth.
• Profit expectations firmed from +28 from +30. It may not be money for
nothing but firms need to be making money in order to be reinvesting it.
A net 21% of businesses expect to be hiring more staff over the year ahead. A
net 25% expect to be investing more. Both are healthy.
Sentiment in the residential construction sector softened from +48 to +38.
That’s nothing more than receding from incredible highs. Commercial
construction intentions (to +43 from +26) are filling that void anyway.
Export int
continues at a robust pace.
• Firms’ own activity expectations, employment and investment intentions are
all elevated. We’re picking 3% growth over the year ahead.
• Agriculture lifted the most this month, though it remains the least confident
sector. Next month could be telling, given dairy prices have resumed falling.
• Pricing gauges picked up, but off lows.
The economy remains ensconced in a tunnel of love, with sentiment riding
high. This economic expansion is no one, two, or even three trick pony. There is
an eastbound train and multiple sectors and regions are on it.
• Business confidence is high. A net 36% of firms are optimistic about the
general economy. Sentiment is buoyant and positive across all the five major
sub-sectors and negative in only one region (Taranaki).
• Businesses remain very optimistic about their own prospects (+42, up 1).
That’s what firms know best and it’s therefore the real litmus test, with a
strong correlation to GDP growth.
• Profit expectations firmed from +28 from +30. It may not be money for
nothing but firms need to be making money in order to be reinvesting it.
A net 21% of businesses expect to be hiring more staff over the year ahead. A
net 25% expect to be investing more. Both are healthy.
Sentiment in the residential construction sector softened from +48 to +38.
That’s nothing more than receding from incredible highs. Commercial
construction intentions (to +43 from +26) are filling that void anyway.
Export int
ANZ Business Outlook: Sultans of the Upswing
Categories: ANZ Business Outlook: Sultans of the Upswing
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