Trading conditions “tough”; not expected to improve soon

09 July 2019

 

Australian business conditions were robust in the first half of 2018 and a cyclical-peak was reached in April of that year. Although they remained well above average for some months, readings began to slip and by the end of 2018, they had dropped to below-average levels. Recent readings have added to forecasts of a slowing domestic economy.  According to NAB’s latest monthly business survey of 400 firms conducted in the...

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