Directors Remain Pessimistic as Survey Shows Negative Outlook on Australian Economy

This comes amid a decline in companies’ trust in the government due to new policies and economic uncertainty.

A prices dropped sign at a Woolworths supermarket in Melbourne, Australia, on March 19, 2024. Asanka Ratnayake/Getty Images

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.