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…
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…