CANBERRA: There are promising signs of increasing business confidence across Australia, according to the Australian Bureau of Statistics (ABS, or Stats).
Some 24 percent of Aussie businesses reported an increase in their monthly revenue in November and, while that mightn’t sound much, it’s a mighty jump from the 16 percent that reported a revenue increase in October, Stats points out.
ABS’s industry statistics chief John Shepherd noted another promising sign.
“One in five (22 percent) businesses indicated they have capital expenditure plans over the next three months, with about three quarters (73 percent) of these businesses expecting to spend the same or more than what is usual for this time of year,” Shepherd said.
