A similar seasonal pattern occurred in 2004 but then the TAI retracted only four index points from the November index compared to six points in 2005. |
Export volumes and manufacturing output are playing more important roles in affecting the business mood. |
Exuberant levels of consumer confidence, household borrowing and domestic spending continued to fuel domestic economic activity and enhance business confidence. |
The January survey results imply that trade conditions may not be as vigorous as they were in 2004 and 2005, but expectations are still quite high. Fewer new orders and a slow down in supplier delivery negatively affected trade conditions in January. |
This suggests that businesses do expect trade activity to improve further on a buoyant 2005. |