Australian business conditions stable at a low level, confidence falling

The NAB Business Survey for November data is here:

• Australian business confidence 0 (vs. prior 2) & business conditions 4 (3)

A brief snippet from Westpac's analysis of the results:

• conditions in the Australian economy remain weak
• Policy stimulus is struggling to gain traction
• business conditions index ... has moved broadly sideways since April
• Business … lack of confidence is understandable in this challenging environment - with weak domestic sales and a slowing global economy, with heightened uncertainty around international trade.
• weak conditions have extended into the December quarter and there is a lack of momentum heading into 2020.