Businesses in strong position despite headwinds: NAB May survey

14 June 2022

 

Summary: Business conditions deteriorate in May, remain at elevated level; confidence also deteriorates, back to long-term average; most businesses in strong position despite inflation headwinds, yet to feel effects of higher rates, global growth risks; businesses now facing series of future hikes, likely to have muted confidence; activity conditions are robust, consumers have money on hand to spend more freely; capacity utilisation rate up, all 8 sectors of economy above...

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