NAB's highly regarded monthly survey of business conditions and confidence showed if anything, things deteriorated in August. Both measures fell over the month and continue to sit well below their long-term averages. The result is very much in line with second quarter GDP data which showed the economy has slowed to its slowest growth since the GFC and indicates momentum in the business sector continues to weaken. And forward-looking indicators in the survey, such as forward orders and capacity utilisation, point to things getting worse before they get better. "Business confidence and our other forward looking ... (full story)