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Last October, Australian CEOs hit a three-year high in business confidence, driven perhaps by the change in government. A quarter later, the executives are only a shade off on the YPO Global Pulse Confidence Index, sliding less than one point (0.9) to 61.7 in the latest survey.
Has the economy turned the corner? Australian chief executives believe it might just have, driving a business confidence index to a three-year high and bringing it in line with global levels.
Australian CEOs are sceptical about the next six months. Many were doubtful that overall business and economic conditions would improve by the end of the year. Less than a third (31%) thought they would be better in six months’ time, while almost one in four (22%) thought they would get worse.