“Notably weak” business conditions in Victoria; some states now above average

05 October 2020

 

Summary: Business conditions, confidence improve; conditions “notably weaker” in Victoria, some states now above average; capacity usage rises after August reversal; forward-looking indicators “soft”.   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 by the end of 2018. Forecasts of a slowdown...

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