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flag Australian businesses stagnate in May due to low consumer spending and rising costs, survey shows.

flag Australian businesses faced stagnation in May due to low consumer spending and rising costs, according to the National Australia Bank's survey. flag The business conditions index dropped to zero, below the long-term average of +6, while confidence slightly improved. flag Retail and sales showed significant weakness, and the employment index fell to zero. flag Despite these challenges, unemployment remains near 4.1%. flag The report suggests a cautious outlook for businesses, especially in consumer-facing sectors.

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