Business conditions, confidence up; still “well below average”

14 July 2020

 

Summary: Business conditions up; business confidence improve for third consecutive month; capacity usage continues recovery but still at low level; second Victorian lockdown to put “brakes on the recovery”.   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 conditions index then began to slip, declining to below-average levels by the end...

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