• Sharon Zollner: ANZ Chief Economist on construction leading the return of optimism to the business sector

  • Oct 31 2024
  • Length: 3 mins
  • Podcast

Sharon Zollner: ANZ Chief Economist on construction leading the return of optimism to the business sector

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  • Summary

  • Optimism is rising among businesses - largely driven by construction.

    ANZ's October business outlook has business confidence up five points on 66, in a 10-year high.

    Meanwhile, the proportion of businesses feeling they're faring well, has climbed to -11 in the highest point since March.

    Chief economist Sharon Zollner says it boils down to interest rates.

    She says fewer construction firms say they're not busy than a year ago - and she explained conditions are tough, but things are starting to look up a little.

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