NAB business indices fall, “solid” June quarter still anticipated

13 July 2021

 

Summary: Business conditions deteriorate in June, still elevated; confidence subsides; points to “solid outcome” in June quarter; Australian economy has “considerable momentum”; survey conducted in period with more coronavirus cases, additional restrictions; business conditions will likely deteriorate further in July; economy has “considerable momentum”; capacity utilisation rate declines; all sectors of economy still at/above respective long-run averages;   NAB’s business survey indicated Australian business conditions were robust in the first...

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