NAB conditions index slips in November, confidence index now negative

13 December 2022

 

Summary: Business conditions deteriorate in November; confidence also deteriorates, well below long-term average; confidence index below zero, first negative since December 2021; economy’s strength set to end in 2023; 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 and forecasts...

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