Business conditions worsen; non-Vic states dragged down

08 September 2020

 

Summary: Business conditions worsen; business confidence improve; numbers “largely as expected”; capacity usage reverses course after rising for 3 months; conditions deteriorate more in Queensland, South Australia and Tasmania than in Victoria.   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 indices then began to slip, declining to below-average levels by...

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