NAB conduct a monthly business survey and also a quarterly
Its the monthly that attracts the attention. However, from today's survey fore Q2, some of the main points (in very, very brief):
- Business conditions (an average of trading conditions/sales, profitability and employment) -2pts to +15
- conditions held steady late in the quarter
- conditions remain favourable
Business confidence
- +7 from a revised +8 in Q1
- just above average
More:
- Leading indicators were mixed in Q2
- Capacity utilisation ticked up … highest level since 2009
- forward orders index fell … but remains above average
- employment index declined in the quarter but remains above average
- Growth in labour costs (a wage bill measure) was flat
- inflation indicators tracked sideways in the quarter
