NAB business survey sign of robust recovery, jobless rate set to fall

09 March 2021

 

Summary: Business conditions, confidence improve in February; “optimistic mood” broadly based across states, industry groups; capacity usage rate increases again; evidence labour demand growth will continue; results point to robust business sector recovery.   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 indices then began to slip, declining to below-average levels...

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