Business pessimism deepens, conditions still robust in October

14 November 2023

 

Summary: Business conditions improve in October; business pessimism deepens, well below average; broad theme of resilience in current indicators but weaker outlook in forward indicators continues; ACGB yields barely move; rate-rise expectations unchanged; Westpac: economy in midst of gradual slowdown; will likely broaden; capacity utilisation rate declines, still at elevated level. NAB’s business survey indicated Australian business conditions were robust in the first half of 2018, with a cyclical-peak reached...

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