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NAB Monthly Business Survey: March 2024
Business conditions and confidence were little changed in March, continuing the trend of above-average activity indicators alongside below-average confidence that has defined the NAB Business Survey for much of the past year. By industry, there were positive signs for retail and construction which both saw improvement in confidence and conditions in the month, though in trend terms conditions remain weakest in these two rate-exposed sectors. WA firms continue to report the strongest conditions among the mainland states. Forward orders improved – especially in retail – but are still negative and below average. ... (full story)