Prior month 27.1Own activity 37.1 versus 16.3 last month. 7-year highExperienced own activity rose 1 point to -21, remaining weak.Confidence and activity expectations were high even before the Reserve Bank’s OCR cut.Pricing intentions increased 3 points to 41% of firms planning price hikes in the next three months.Planned price increase rose from 1.4% to 1.6%.Inflation expectations fell from 3.2% to 2.9%, the first sub-3% reading since July 2021.
The 50.7 is the highest since May 2014
This is a strong number. Below are the different components.
This article was written by Greg Michalowski at www.forexlive.com.
