Australian Economy Looks Good in 2017

Latest projections indicate that the Australian economy will enjoy a strong period of growth in the second half of 2017. The Westpac-MI leading Index for March shows that the six month annualised growth rate rose to 1.17% in March. The Leading Index uses economic indicators to estimate how the economy is likely to perform in the future. The positive March figure indicates that economic growth is likely to sit well above the norm in the last half of 2017. This echoes good news from the Reserve Bank of Australia on 4 April 2017. Pickups in global trade and industrial production, higher commodity prices  and other factors indicate “ongoing moderate growth.” These factors increase business owner optimism. If you’re thinking about buying a business, this is the time to act. The market becomes busier this time of year, and we currently have fantastic options on our list. But good opportunities get picked up quickly, so don’t delay.