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Australian Business Confidence 0 (prior 5) & Conditions 22 (prior 25)

Australian Business Confidence 0 (prior 5) & Conditions 22 (prior 25)

National Australia Bank October Business Survey

  • Business confidence dropped to zero from 5 in September.
  • Business conditions down to 22 from 25 (note that September has been revised lower, to 23)

The confidence measure is a sentiment-based one, conditions is a little more objective.

Sub measures show:

  • sales down 6 points in the month to a still-strong +31 reading
  • profitability +1 to +22
  • employment down 3 to +14
  • capacity... Read More
Posted: Nov 8 2022, 00:30
Author Name: forexlive
Views: 111591

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