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In July, Australian business conditions improved, with employment rebounding and cost pressures easing.
In July, Australian business conditions improved as shown by a National Australia Bank (NAB) survey, with employment rebounding and cost pressures easing.
The NAB business conditions index increased 2 points to +6, while the business confidence index slipped 2 points to +1.
Employment index rose from 0 to +7, and cost pressures cooled, with growth in purchase costs and product prices slowing.
The Reserve Bank of Australia held interest rates steady at 4.35% in August, considering the current rate sufficient to control inflation without hindering employment gains.
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En julio, las condiciones de las empresas australianas mejoraron, con la recuperación del empleo y la reducción de las presiones sobre los costos.