“First indications of a strong rebound” from NAB’s October survey

09 November 2021

 

Summary: Business conditions improve in October; confidence also improves; first indications of “strong rebound in activity”; upstream price pressures “not fully filtering into downstream final price growth”; capacity utilisation rate rises; six of eight sectors of economy at/above 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 in April of that year. Readings from NAB’s index then...

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