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NAB Monthly Business Survey: June 2024
Business conditions edged down further in the month, continuing the long running trend since peaking in late 2022. Conditions declined in wholesale, construction, manufacturing and finance, business & property in the month, with the non-mining goods sectors now clearly softer than the services sectors. Retail, despite increasing in the month, remains weakest (and the only industry in negative territory) in trend terms. Business confidence – driven by a broad-based increase across industries – rose sharply in the month to its highest level since early 2023. While the activity side of the survey has shown a ... (full story)
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- Posted: Jul 8, 2024 11:44pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 2,167
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