Business conditions at record high

13 March 2018

 

Over the last few months, the adjectives used by NAB economists to describe business conditions have strengthened from “solid” to “elevated”. “Record high” is the current description. According to NAB’s latest monthly business survey of 400 firms conducted in the middle of February, its Business Conditions Index increased to 21, the highest reading on record since the survey began. Typically, NAB’s confidence index leads the conditions index by approximately one...

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