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Business sentiment dipped in October. The level is still elevated so we are not reading too much into it.
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Businesses remain upbeat about the economy, their own prospects, profitability and employment.
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The economic cauldron is still boiling away nicely. However, more difficulty in accessing credit and skilled labour could tip some cold water on the fire eventually. That’s a normal business cycle in operation so nothing to fret about.
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Pricing intentions are (barely) off their lows and inflation expectations are still flat at 1.4%.
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