National Australia Bank business survey September 2024
Business confidence -2
prior -5
Business conditions +7
prior +4
NAB commentary:
“Some of last month’s fall in confidence was reversed in
September but confidence remains well below average,”
“Interestingly, as we think we are passing through the
weakest point in economic growth for this cycle, business
conditions have broadly tracked around average through
mid-2024.”
Conditions sub-measure employment +5 after +1 in August
Labour costs slightly eased to +1.7 from +1.8
in August
Purchase costs fell to +1.2 from +1.6
This article was written by Eamonn Sheridan at www.forexlive.com.
