Business conditions “robust” but confidence slides in NAB October survey

08 November 2022

 

Summary: Business conditions deteriorate a touch in October; conditions “fairly robust” across states, sectors; confidence deteriorates, below long-term average; as many firms pessimistic as optimistic; ANZ: “strong result” reinforces need for RBA to raise cash rate to restrictive level; capacity utilisation rate steady, all 8 sectors of economy still above respective long-run averages. NAB’s business survey indicated Australian business conditions were robust in the first half of 2018, with a...

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