Business conditions weaken, employment still to grow

10 April 2018

 

Over the last few months, the adjectives used by NAB economists to describe business conditions have strengthened from “solid” to “elevated” and then last month to “record high”. According to NAB’s latest monthly business survey of 400 firms conducted in the last week of March, its Business Conditions Index fell back from a revised reading of 20 to 14. Typically, NAB’s confidence index leads the conditions index by approximately one...

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