December 2020 - Final: Merrily on high (PDF 352KB)
Headline business confidence, at 9.4%, is up a whopping 16 points and back in the black for the first time since August 2017. Own activity was 13 points higher, at +21.7%, its highest level since March 2018.
November 2020 - Final: Upswing (PDF 340KB)
Headline business confidence, at -6.9%, was 9 points higher than the early-month November read, while own activity was 4 points higher, at +9.1%.
November 2020 - Prelim: Stable (PDF 276KB)
The preliminary November read of the ANZ Business Outlook and activity were unchanged at -16% and +5% respectively. Investment intentions dipped, but capacity utilisation, one of the best GDP indicators in the survey, lifted 8 points.
October 2020 - Final: Finding its level (PDF 348KB)
Headline business confidence, at -15.7%, was 1 point lower than the early-month read, while own activity was 1 point higher, at +4.7%. Investment and employment intentions and profit expectations were also broadly stable.
October 2020 - Prelim: Party like it’s 2019 (PDF 276KB)
The preliminary October read of the ANZ Business Outlook continued to show solid improvement across the board. Business confidence lifted 14 points to -15%, while own activity lifted 9 points to +4%.
September 2020 - Final: Hanging in there (PDF 372KB)
Activity indicators in the ANZ Business Outlook survey lifted a little further from their early-September preliminary reads. Headline business confidence, at -28.5%, was a smidgen lower than the early-month read, but own activity was higher, at -5.4%. Investment and employment intentions and profit expectations also crept higher.
September 2020 - Prelim: We got this (PDF 280KB)
The preliminary September read of the ANZ Business Outlook suggests firms are largely looking through the re-emergence of COVID-19 in the community. Business confidence lifted 16 points to -26%, while own activity lifted 8 points to -10%.
August 2020 - Final: Feeling the pressure (PDF 348KB)
Activity indicators in the ANZ Business Outlook survey slipped a little from their early-August preliminary reads, but on the whole, were relatively robust to the re-emergence of COVID-19 in the community on 12 August. Headline business confidence, at -41.8%, was little changed from the early-month read, as was own activity, at -17.5%.
August 2020 - Prelim: Teetering (PDF 280KB)
The preliminary August read of the ANZ Business Outlook adds to the evidence that the post-lockdown rebound may have run its course. Business confidence deteriorated 10 points to -42.4%, and own activity slipped 8 points to -17%. However, it wasn’t all one-way traffic in the indicators.
July 2020 - Final: Pause or stall? (PDF 280KB)
Headline business confidence was at -32%, slightly lower than the preliminary read of -30% but better than June’s -34%.
July 2020 - Prelim: Bouncing back (PDF 280KB)
Business confidence lifted another 4.6 points to -29.8% in the preliminary July read of the ANZ Business Outlook survey. The lift in own activity was much sharper, up 19.1 points to a net 6.8% of firms expecting lower activity for their firm in the year ahead.
June 2020 - Final: Nearly up to normal recession levels (PDF 296KB)
A vigorous bounce out of lockdown is evident in the numbers, but the levels are consistent with our view that the recession is just starting. Headline business confidence stabilised over June, similar to the preliminary read at -34%.
June 2020 - Prelim: Steady improvement (PDF 220KB)
Business confidence lifted another 9 points to -33% in the preliminary June read of the ANZ Business Outlook survey. Own activity lifted 10 points, with a net 29% of firms expecting lower activity for their firm in the year ahead.
May 2020 - Final: One step at a time (PDF 248KB)
Headline business confidence continued to lift over May, up a further 4 points to -42%. A net 39% of firms expect weaker activity for their own business, still well below 2008/09 lows. The retail sector is the most pessimistic on this front.
May 2020 - Prelim: Dusting ourselves off (PDF 220KB)
Business confidence jumped 21 points to -46% in the preliminary May read of the ANZ Business Outlook survey. Own activity lifted 13 points, with a net 42% of firms expecting lower activity for their firm in the year ahead.
April 2020 - Final: Past the extreme lows (PDF 248KB)
Results for the full month of April were slightly less bleak than the early-month results released on the 8th. Compared to March, April headline business confidence fell a further 3 points to -67%, but this was a small improvement versus the preliminary April read of -73%.
April 2020 - Prelim: Unprecedented (PDF 216KB)
Business confidence fell 9 points to -73% in the preliminary April read of the ANZ Business Outlook survey. Expected own activity plummeted 34 points, with a net 61% of firms now expecting lower activity for their firm in the year ahead. We’ve never seen numbers like these.
March 2020 - Final: Steep slide (PDF 244KB)
Headline business confidence plummeted 45 points to -64 in March, close to a record low. A net 27% of firms expect weaker activity for their own business (down 39), the lowest read ever (the survey began in 1988).
March 2020 - Prelim: Export woes (PDF 212KB)
The preliminary March read on all key activity indicators fell from February levels. Pricing indicators also dropped. Firms’ activity intentions are the lowest since 2009. Export intentions, at -21.5%, are at a record low.
February 2020: Sound the alarm (PDF 248KB)
Headline business confidence fell 6 points to -19 in February. A net 12% of firms expect stronger activity for their own business (down 5). Survey responses received after the COVID-19 outbreak hit the headlines (about a third of all responses) were more negative.