Business ‘feeling pretty grim’ as confidence drops

Australian business confidence has taken a battering over the Christmas period according to the latest national survey from the Australian Chamber of Commerce and Industry.

Joanna HeathOnline Political Correspondent

Updated Jan 19, 2015 – 11.15am, first published at 10.54am

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Business confidence has taken a battering over the Christmas period according to the latest national survey from the Australian Chamber of Commerce and Industry, and many owners are feeling pessimistic about the year ahead.

According to ACCI chief executive Kate Carnell, readings on profitability are the worst seen in the 23 years the survey has been running.

Joanna Health writes on News specialising in Politics, Climate, Health. Based in our Canberra newsroom, Joanna is the Financial Review's online political correspondent.