Business sentiment is somewhere between healthy and stellar, says ANZ chief economist Cameron Bagrie.
The bank's monthly Business Outlook survey found a net 42 per cent of firms expect their own activity to rise over the next 12 months, up four points from October.
On the general business situation a net 32 per cent expect improvement, up five points from last month and 18 points from the pre-election trough in September.
Profit expectations and investment intentions both rose, by seven and three points respectively, while hiring intentions lifted marginally.
Bagrie said firms' own activity and profit expectations, and their employment and investment intentions, had oscillated within a very narrow range for six months now.