NAB conditions index hits record high in March

Summary: Business conditions improve in March, hits record high; confidence slips but still elevated; impact of end of JobKeeper likely to be “short and limited”; broadly based across states, industry groups; “ongoing strength” expected; capacity usage rate increases again; implies further falls in jobless rate.   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....

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