The data was published inadvertently earlier:
If you are just tuning looking for it, here it is again
Confidence 0
- from -1 in March (revised from 0)
Conditions 3
- from 7 in March
Awful headline results, but as I posted in the preview earlier the most important thing to watch is the employment sub index. Did I mention awful? That component is now at its lowest since late 2016. its dropped into negative. The importance of this is the RBA have confirmed to us they are watching the labour market as a key for the the the next rate move (hint - it won't be up) …. and the NAB indicator from this survey is a good one for employment growth. The RBA is running out of excuses not to cut rates.
