Business conditions great

13 February 2018

 

Early in December, business conditions had been described as “solid” by NAB economists. Then they were upgraded to “strong” in January. Now they are described as “elevated” but in reality they are just short of “never better”. According to NAB’s latest monthly business survey of 400 firms conducted in the last week of January, its Business Conditions Index jumped to 19, just short of its all-time high of 20. Typically,...

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