'Chasm' between weak consumers and booming businesses widens. How and when will it close?

 Australian households are feeling "deeply pessimistic", but they are still spending money and business confidence keeps booming.

Economists say it is hard to ignore how differently households are feeling about economic conditions compared to businesses.

The latest NAB monthly business survey shows business confidence has picked up again, with businesses' perceptions of conditions remaining well above their long-term average.

Trading conditions improved again last month and profitability and employment remained strong.

Read More: https://www.abc.net.au/news/2022-09-13/consumer-confidence-deeply-pessimistic-business-conditions-boom/101434360



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