Cost pressures come to fore in March business survey

12 April 2022

 

Summary: Business conditions improve markedly in March; confidence also improves; conditions index largely driven by retail; further escalation of cost pressures, including labour costs; businesses no longer absorbing cost increases; capacity utilisation rate up, 7 of 8 sectors of economy at/above respective long-run averages. 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...

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