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NAB Quarterly Business Survey – June 2021
Business conditions rose strongly in the Q2 Business Survey. Conditions increased 12pts to +32, a record high for the survey. This was also true of all the sub-indices of business conditions – profitability, trading and employment are now all well into expansionary territory. In contrast, business confidence eased slightly (from +19 to +17) but remained well above its long-run averages. According to Alan Oster, NAB Group Chief Economist “Business conditions were still in negative territory in Q3 2020, and now, three quarters later, they were at a record high, a testament to how rapid the recovery has been from ... (full story)