National Australia Bank Business Survey for March is due at 0130 GMT
Business conditions,
- prior was 21
- a record high
- the retail sector was its best in 8 months
Business confidence
- prior 9
- financial market volatility in February saw it drop from January's 12
While NAB does not provide a previews, this via ANZ:
We believe Australian business conditions remained around record levels in March.
- Other surveys in the month show further strength in the manufacturing sector, which tends to act as a bellwether for the broader economy.
The details around capacity utilisation and profitability have been encouraging for some time, and further positive results will bode well for ongoing labour market strength.
