Australian business conditions deteriorated sharply late last year, tumbling by the most since the height of the GFC. The National Australia Bank’s (NAB) Australian Business conditions index, contained its broader Business Confidence survey, tumbled to +2 points in December, down sharply from +11 points in November. It was the biggest one-month drop since the GFC, and left overall business conditions at the weakest level since September 2014. “Business conditions fell sharply in December, and while caution should be taken when interpreting data around the Christmas/New Year period, this outcome continues the downward ... (full story)