National Australia Bank Business survey rebounds inot less bad territory though still dreadful.
Business confidence comes in at -20 from -45 in April
Business conditions -24 from -34
Some of the submeasures, all still pretty awful:
- employment -31 (-34 prior)
- trading -12 (from -31)
- profitability -19 (from -35)
Exports in the 'least bad' area, comes in at -9, which is down from April's -7.
Other data out at the same time, ANZ Job Advertisements (for May): +0.5% m/m
- prior -53.4%
- for the y/y, down 59.8%