National Australia Bank survey of business for July 2022. Business conditions 20 • prior 13 Business confidence 7 • prior 1 -- Both measures significantly improved from June. The 'conditions' measure is more objective than the sentiment-based 'confidence'. NAB remarks: • Strength in conditions remained broad-based across states and industries. • A notable pickup in the construction sector. • Survey suggests that despite global and domestic economic headwinds, demand has remained strong. • Inflationary pressure continues to build suggesting that inflation is yet to peak. --- On inflationary pressures, check out the ... (full story)

Business confidence rose back above average and conditions strengthened in July as businesses reported new record levels of capacity utilisation, cost growth and price rises. After a steady decline over recent months, confidence rose to +7 index points – a marked rally in the face of headwinds from inflation and rising interest rates, as well as a deteriorating global economic outlook. Business conditions remain well above average after rising 6pts in the month, with trading conditions, profitability and employment all higher. The strength in conditions remained broad-based across states and industries, with a ... (full story)