Business Confidence Survey Shows Australia & New Zealand Region is Feeling More Optimistic about the Economy
Business confidence remains negative in Australia and New Zealand, but is slowly rising
The latest findings of the MSI Global Feelgood Index, a business confidence survey commissioned by MSI Global Alliance, shows that Australia and New Zealand is edging towards a more positive outlook.
As the infographic below shows, since the February survey, the region has moved closer to positive territory, though it remains in an overall negative position (-0.01) and is feeling more gloomy than the world average (+0.16), but certainly not as pessimistic as Western Europe (-0.06). Back in February the comparative figure for the ANZ region was -0.03.
There is a slight increase in confidence around the prospects for spending on marketing and advertising (up to +0.15), on staff welfare and training (up to +0.02) and on staff numbers (up to +0.01). There was also a small increases in the level of confidence around cashflow (up to -0.02) though problems clearly persist in that area.
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Infographic: Levels of Business Confidence in the ANZ region (May 2012)
Chart: MSI Global Feelgood IndexLevels of Business Confidence in Australia & New ZealandDescription: Tags: Author: charts powered by iCharts
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