Australian business conditions still remain robust in April amid economic headwinds thanks to resilient customer demand and a strong labour market. According to the latest monthly business survey by the National Australia Bank (NAB), the business conditions index, which measures trading conditions, profitability and employment, dropped two points to 14 index points in April. While…
Australian Businesses Conditions Stay Strong in April but Uncertainty Remains
US Business Activity Declines for Seventh Month in a Row as Recession Looms
January 25, 2023
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Business & Marketsbusiness activityBusiness Confidenceeconomic downturneconomic recessioneconomyPMI Composite Output indexrecessionUSUS economy
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Business activity in the United States contracted for the seventh consecutive month in January, with both manufacturing and service sectors remaining in the red for the month, suggesting a downturn in economic activity. The S&P Flash U.S. PMI Composite Output Index for January came in at 46.6, up from 45 at the end of 2022,…
More Businesses Lose Confidence in Australia’s Economic Prospects
Australian business sentiment has turned negative for the first time in the past 12 months as more enterprises feel uncertain about the country’s economic outlook. According to the latest National Australia Bank (NAB) business survey, the business confidence index dipped from zero to minus four index points in November. While negative sentiment was reported in…
German Firms Now More Pessimistic Than At Peak of COVID-19
November 2, 2022
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Business & MarketsBusiness Confidencebusiness optimismeconomic policieseconomyenergyEU energy crisisEuropeGerman energy crisisinflationrecessionWorld
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Businesses in Germany are becoming less confident about their economic future, according to a survey conducted by the Association of German Chambers of Industry and Commerce (DIHK). Among the over 24,000 companies that took part in the survey, 52 percent are expecting their business to deteriorate over the next 12 months, with only 8 percent…
‘Remarkable Drop’ in Demand for Goods and Services as Recession Fears Mount in America: S&P Economist
June 24, 2022
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Business & MarketsBusiness Confidenceconsumer demandeconomic recessioneconomyinflationrecessionU.S. economic growthUS
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The demand for goods and services in the U.S. economy has suffered in recent weeks, S&P economist Chris Williamson said while raising concerns about the country slipping into recession. The pace of America’s economic growth has “slowed sharply” in June, with “deteriorating forward-looking indicators” setting the stage for an “economic contraction” during Q3, 2022, Williamson,…
‘Plan for the Worst’: CEO Confidence Wanes As Corporate America Prepares For Recession
CEO confidence in the U.S. economy is waning as survey results and comments from top executives suggest a dim outlook. The Conference Board’s second-quarter measurement of CEO sentiment revealed that 57 percent anticipate the economy to go through a “very short, mild recession.” This represented the fourth consecutive quarter of declining expectations. According to the…
‘Pandemic Is Far From Over’: Australian Treasury Secretary
Australian Treasury secretary Steven Kennedy has warned that the “pandemic is far from over” and the country needs to remain vigilant against the risks associated with the CCP virus. “As we move through 2021, the pandemic is far from over. We have witnessed the consequences and impacts of second and third waves around the world…
Pfizer Vaccine Approval Injects Business Positivity
Australia’s approval of its first COVID-19 vaccine will lift confidence and help fuel the country’s economic recovery from recession. The federal government announced on January 25 the Pfizer COVID-19 vaccine has been approved for use in Australia by the Therapeutic Goods Administration, with the start of vaccination program due late February. “Australians can have confidence…
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