ACCI–Westpac Survey of Industrial Trends - Australian Chamber of Commerce and Industry & Westpac Banking Corporation

In the March quarter, a net 13% of respondents reported a decline in new orders, that likely reflected the combined impact of soft underlying demand and a slower than usual return to business from the summer holidays. [...] The number of respondents expecting a decline over the next year deteriorating from a net 4% to a net 11%, speaking to the ongoing challenging backdrop for the sector. [...] • Given the prominence of the above three factors, the proportion of respondents identifying "capacity", "finance" or "other" as the single-most limiting factor are well below observations over the 2009-19 period. [...] US: Westpac operates in the United States of America as a federally licensed branch, regulated by the Office of the Comptroller of the Currency. [...] UK and EU: The London branch of Westpac is authorised in the United Kingdom by the Prudential Regulation Authority (PRA) and is subject to regulation by the Financial Conduct Authority (FCA) and limited regulation by the PRA (Financial Services Register number: 124586).