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Business confidence - Activity outlook

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Source: ANZ
Source: ANZ
Source: ANZ
Source: ANZ
Source: ANZ
Source: ANZ

The ANZ monthly business confidence series includes this important component - Activity Outlook. While the Business Confidence series records the results of a question about what responders think about how the economy will perform in the immediate future, this "own activity" question records the responders view on how their own firm will do in the immediate future.

Actually, over time, this series shows that most responders are more positive about their own future, than that of 'everyone else'.

Many analysts take more notice of the trend of this series than that of the overall business confidence measure.