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Australia Business confidence (May) -4 (prior 0) and Conditions +8 (prior +14)

National Australia Bank Business Survey for May 2023. Not a good report. Confidence and conditions both dropped. these are the two headlines to the report. Demand growth is being hit by RBA rate hikes, which is what the Bank is trying to do given they can't imp[act supply chains with the tools they employ. slower gains in sales (+14 in May from +22 in April) and employment (+4 in May from +11 in April) forward orders is viewed as a leading indicator of demand, fell to -5For inflation, not good s... Read More

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Content Topics

Australia

Business

Confidence

May

Prior

Conditions

prior

Forex

Posted: Jun 13 2023, 01:30

Author Name: forexlive

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