- Q1 indicator at -2.14 vs -1.16 in Q4
- 32% of firms expect a recession in the coming 12 months vs 15% in Q4
- Future sales indicator +22 vs +30 in Q4
- Many firms are delaying important decisions, such as those related to investment.
- Hiring intentions are weak
- A separate survey of consumers shows 5-year inflation to 3.39% vs 2.99% prior
This survey was from Feb 6 to 26 so it’s a bit dated given the news.
This article was written by Adam Button at www.forexlive.com.