Originally Posted by
winner69
Business confidence down to a net 50% saying business conditions will deteriorate (ANZ)
Respondents have 3 choices .....conditions will improve, stay the same or will deteriorate
If say 20% responded stay the same that net 50% figure means 65% responded deteriorate and 15% responded improve (the net 50% being 65% less 15%)
That’s a huge difference between the deteriorates and the improved
A net 50% does not mean half the businesses think things will deteriorate (as often headlined in the media). It’s a net 50%
No wonder the ANZ says it could get ugly