Business sentiment surveys are holding at or around long-run averages for the respective data series. Recent rebounds have further improved some of the indices in response to the ending of lockdown, combined with a vaccine rollout programme. Expectations of improved business conditions in 2021 are high, with most sectors forecasting better sales and revenue outcomes this year. Still, everything is relative, and "better" sales and revenue compared with 2020 are certainly more likely for many firms, given the substantial disruption to a range of economic sectors.
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