Conditions, confidence both down in December survey; price pressures continue

25 January 2022

 

Summary: Business conditions deteriorate slightly in December; noticeably larger fall in confidence; businesses facing “growing worker shortages”; capacity utilisation rate drops; 6 of 8 sectors of economy at/above respective long-run averages; price pressures continue. 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 index then began to slip, declining to below-average levels...

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