Business conditions, confidence up in Feb; higher costs passing to consumers

08 March 2022

 

Summary: Business conditions improves in February; confidence improved markedly again; fewer health-related employment disruptions, strong labour demand; trading, profitability improves; “lot of room for improvement”, conditions, capacity utilisation below Delta reopening period; capacity utilisation rate up, 6 of 8 sectors of economy at/above respective long-run averages; retail price inflation “elevated”, cost pressures increasingly passed on to consumers. NAB’s business survey indicated Australian business conditions were robust in the first half...

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