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Australian business conditions softened in November, with rising costs and inflation fears keeping rates steady.
Australian business conditions eased in November, with the NAB index falling to +7, driven by weaker sales, profits, and confidence, though employment held steady.
Capacity utilization hit an 18-month high at 83.6%, signaling tight supply and raising inflation concerns.
Input costs and retail prices continued to rise, prompting expectations the Reserve Bank of Australia will hold rates at 3.60% and remain cautious on future cuts.
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Las condiciones empresariales australianas se suavizaron en noviembre, con el aumento de los costos y los temores a la inflación manteniendo las tasas estables.