April business conditions weaken; confidence bounces

12 May 2020

 

Summary: Business confidence bounce in April after March’s plunge; business conditions dropped heavily again; capacity usage drops; capex spending down in an attempt to conserve cash.   NAB’s business survey indicated Australian business conditions were robust in the first half of 2018, with a cyclical-peak reached in April of that year. Readings from NAB’s conditions index then began to slip and, by the end of 2018, they had dropped to...

read full story