ANZ are publishing a 'flash' reading for the indicator for now. Final will follow in a few weeks but this is indicative.
Confidence -73.1 … a record low
- -63.5 in March
Activity outlook -61.2
- -26.7 prior
All key activity indicators fell further from March levels, most to record lows
54% of firms expect to cut jobs
73% expect lower profits
ANZ:
- "We've never seen numbers like these"
- "Firms are reeling from the abruptness and ferocity of the storm that has enveloped them, and with uncertainty extreme, planning a way out is very difficult. The quick-fire fiscal and monetary response will have helped, but times just don't get much tougher than this"
via Bloomberg report.
