ANZ released their latest business survey and it's showcasing a bleaker look at the economy than in previous years.
The survey states that the expected own activity outlook is at its' lowest level since September 2020 and that employment intentions have dropped down to negative for the first time since October 2020.
There is also a broad weakness across various industries, especially construction and agriculture.
According to Milford Asset Management's Mark Riggall, the outlook for businesses next year has deteriorated sharply with the expected recession.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
Popular Podcasts
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
The Breakfast Club
The World's Most Dangerous Morning Show, The Breakfast Club, With DJ Envy, Jess Hilarious, And Charlamagne Tha God!