The economy improved in February, with the disruptions from the omicron outbreak proving to be short-lived and relatively mild. This was the key finding of the latest NAB business survey - with the results in general in keeping with our broad expectations. The February survey was in the field from February 21 to 28. This is occurring as the Russian invasion of Ukraine commenced and proceeds the devastating floods in NSW and Qld. The survey once again confirms significant pressures on upstream prices and labour costs - impacted by covid disruptions and against the backdrop of strong underlying demand. The unemployment ... (full story)