NAB survey points to “strong outcomes”, “ongoing recovery”

08 June 2021

 

Summary: Business conditions improve in May, another new record high; confidence declines, still elevated; points to “strong outcomes” in business sector”; capacity usage rate slips; all eight sectors of economy above respective long-run averages; “suggests sharply lower unemployment in near-term”; breadth of strength in survey encouraging, points to ongoing recovery in all sectors.   NAB’s business survey indicated Australian business conditions were robust in the first half of 2018, with...

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