Business conditions lowest in 19 months, consumer confidence plunges

 In Australia, NewZealand
Business conditions have fallen to their lowest level in 19 months, while consumer confidence has plunged following last week’s quarterly GDP contraction, in further signs the economy has hit a soft patch.
NAB’s monthly business conditions index dropped to +5 in November (from +7), its lowest level since April 2015, dragged down by a deterioration in the retail sector, despite retail sales numbers picking up over the past months. Sydney Morning Herald – Read more…

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