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NAB Monthly Business Survey: February 2024
Business conditions rose in February, with the survey signalling the economy remained resilient in the new year and inflation is still a challenge despite slowing growth. Trading conditions and profitability lifted in the month, pushing business conditions back above their long-run average – though conditions softened further in retail and construction, sectors that are particularly exposed to the ongoing impact of tighter monetary policy. Despite the signs of resilience, confidence and forward orders both eased to remain mired at low levels, and capacity utilisation also eased. Businesses continued to report ... (full story)