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A massive disconnect has opened up between business confidence and consumer confidence.
The latest Roy Morgan Business confidence index reported its biggest January rebound on record, with the index rising 10.4 points on the back of improving expectations about the Australian economy and business profitability:
NAB’s latest Business Survey also rebounded in January:
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
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