AUD - Australian data due today – business conditions and confidence – preview

At 0130 GMT on 10 July 2018 we get the NAB monthly Business Survey, for June

• Conditions prior 15

• Confidence prior 6

I posted a preview yesterday here:

• Australian data due Tuesday - business confidence - preview

This now via CBA, just a quickei:

• The NAB Business Conditions Index retreated last month to 15, from its peak of 21 in April and slightly below its average over the past 12 months.
• There are some early signs of an impact from tightening lending standards on some sectors of the economy. Low wages growth has been helping keep both the Conditions and Confidence Index at a higher level.
• The employment index will also be closely watched after a step down in trend employment in 2018.