It’s too soon to call it a turnaround in business confidence, but …

Relative to the big slumps in sentiment the ANZ Business Outlook Survey has recorded in the past year, there are some positive signs in today’s release.

Perhaps the worst is over.

“It’s a start,” said ANZ chief economist Sharon Zollner. “All up, we’d take the mixed signals out of this month’s survey as a positive sign, as it interrupts a deteriorating trend.”

Headline confidence actually jumped in the October survey, suggesting that optimism may be starting to creep back into the general business outlook.

Perhaps it’s the

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