Confidence up while conditions deteriorate further: NAB September survey

12 October 2021

 

Summary: Business conditions deteriorate in September; ANZ expects September to be “low point”; confidence up markedly; driven by large shifts in NSW, Victoria following reopening roadmap announcements, rising vaccination rates; economy shows considerable resilience, rebound expected; capacity utilisation rate declines again; four of eight sectors of economy below respective long-run averages. NAB’s business survey indicated Australian business conditions were robust in the first half of 2018, with a cyclical-peak reached...

read full story