National Australia Bank Business Survey for January
Business conditions have another leap higher, to 19 in January (long term average is 5)
- prior 13
Business confidence higher also, to 12
- prior 10, revised from 11
More:
- Profitability to 23 (up 9 points on the month)
- Sales 26 (up 8)
- Employment 6 (unchanged on the month)
- Conditions solid across all major industry groups (except retail)
- Rising capacity utilisation a positive sign for investment says NAB (82.7 in Jan from 82.3 in Dec.)
NAB chief economist Alan Oster
- We are hopeful that Australia will see stronger economic growth in coming quarters, due to the strength in the labour market, business activity and infrastructure spending
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