Directors Remain Pessimistic as Survey Shows Negative Outlook on Australian Economy

Published on April 10, 2024

The latest survey from the Australian Institute of Company Directors (AICD) has revealed the latest Director Sentiment Index (DSI), a statistical measure of confidence in the Australian economy. The findings indicate a prevailing pessimistic outlook of the economy among companies’ top management.  While there was a slight improvement in the index, the DSI continued to stay in the negative territory at -19.2. Through sampling 1,000 of its members, the Institute found that cost of living (40 percent) has overtaken labour shortages (35 percent) as the most pressing economic challenge for directors in the first half of 2024. This is followed by concerns over productivity growth (33 percent) and inflation alongside interest rates (28 percent). ...

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