NAB Business Survey is fading

The NAB Business survey for September is out and both conditions and confidence have firmed a little: How confident are businesses? The business confidence index edged up to +6 index points in.

Capacity utilisation edged lower but remains at a high level after trending up over recent years. Confidence in trend terms remains highest in mining with most other industries at around the average of national conditions. The butterfly, the ant and the mistletoe By Ann Jones for Off Track To save one of Australia's rarest butterflies we also need to save an unnamed ant species, an endangered woodland and a parasitic plant. Cabinet papers reveal Howard and Costello budget black hole Cross posted from The. Compared with history, surveyed price pressures remain weak.

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 · Business conditions pulled back in May from record highs in April, according to the NAB monthly business survey. NAB group chief economist Alan Oster said that business Author: Samantha Bailey.

Which industries are driving conditions? Mining and retail also declined. Retail remains weakest, as it has been for some time, and is the only industry to record negative conditions. Which industries are most confident? Confidence in trend terms remains highest in mining with most other industries at around the average of national conditions.

The retail and wholesale industries are a little below average. Where are we seeing the best conditions by state? What is confidence like across the states? Are leading indicators suggesting further improvement? Capacity utilisation edged lower but remains at a high level after trending up over recent years.

What does the Survey suggest about inflation and wages? After showing tentative signs of a pick-up in price pressures over the past three months, surveyed cost and wage variables decreased in the month. On the input side, both labour and purchase cost pressures eased, while final products price growth edged lower. Retail prices showed weakness, recording a fall in the month after also having previously risen. By business reporter David Chau. Manufacturing was one of several sectors where business conditions fell.

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