Current activity “healthy” but momentum slows in NAB’s December business report

24 January 2023

 

Summary: Business conditions deteriorate in December; confidence improves but still negative; confidence index up but still below zero; healthy level of current activity but with slowing momentum; ANZ: “tide is turning”; capacity utilisation rate declines but still elevated. 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 index then began to slip...

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