Business conditions and capacity utilisation slump to a four year low. Confidence a little better but still below trend. Conditions very bad in retail, mining and manufacturing, despite low interest rates and falling AUD, though signs a little better for exports. Plenty of spare capacity with little indication of being utilised in the near term; forward orders and employment still very poor. The June survey paints a worrying picture of the Australian economy; business conditions slumped in June to their lowest level since May 2009. Weaker trading conditions and profitability combined with still poor employment ... (full story)