The latest DBM In Full Focus report – an insight into Australian business confidence compiled using responses from our Business Financial Services Monitor (BFSM) – paints a relatively grim picture of the current and future outlook for businesses.
After declining slightly in the early part of 2018, sentiment among Australian businesses fell sharply through the rest of the year, to levels not seen since 2015. As the year progressed, businesses became less likely to foresee an increase in revenue in the following 12 months (down from 52% in January 2018 to 44% in January 2019).
Business confidence appears to have been impacted by several factors also affecting the general population, being their current and potential customers. House prices are generally declining for the first time in more than two decades, while both wage growth and inflation have been relatively low.
To read the full report as well as other recent editions of In Full Focus click below: