Australian business conditions decline to long-run averages in April, according to NAB's monthly survey.
Australian business conditions slip back to long-run averages in April, with employment, trading, and profitability indexes all experiencing a decline, according to National Australia Bank's monthly survey. This comes amid growing economic headwinds domestically and abroad, as Treasurer Jim Chalmers adjusts spending plans in the upcoming budget. The NAB chief economist, Alan Oster, comments that this marks a milestone in the gradual easing of conditions from the high levels seen in 2022 during the pandemic recovery.
May 13, 2024
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