Firms’ own activity expectations, employment and investment intentions continue to point to robust growth.
Inflation gauges remain low.
The stimulants and beta-blockers have been evaluated by businesses; confidence eased somewhat in July. A net 16% of businesses are optimistic about prospects over the coming year, down 4 points on the month prior.
Construction and services remain front of the peloton though both were dragged lower in the month. Business confidence across agriculture fell to a net 26% expecting worse times. Business sentiment itself however, often masks what is happening across the general economy.
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