Coming up at 0030 GMT the latest update from the NAB business survey
- this for January
- the December survey showed 'conditions' collapsing
- Business conditions for December 2
- Business confidence was 3
What to expect, this via ANZ:
- We expect business conditions to have been broadly stable in January.
- NAB Business conditions fell sharply in January, ahead of a sharp fall in the Ai Group conditions indexes.
- A further fall in conditions in January would be concerning.
A brief but sport on set of comments from ANZ. the collapse in conditions in December was a bit of a shock, they'd been sticking at levels despite confidence being on a much weaker side.
