Business conditions, confidence now “strong”

30 January 2018

 

Early in December, business conditions had been described as “solid” by NAB economists; now they have upgraded their description to “strong”. According to NAB’s latest monthly business survey of 400 firms conducted in mid-January, its Business Conditions Index remained unchanged at 13 after revisions. This latest reading still represents well-above-average business conditions. Bond and currency markets were reserved in their reactions. 3 year bond yields were steady at 2.27%, 10...

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