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NAB Monthly Business Survey: November 2019
Business conditions tracked sideways in the month, and appear to have stabilised at low levels, after declining significantly between mid-2018 and 2019. At the industry level, the divergence between the goods related industries (the weakest) and the services sector (the strongest) widened. The construction and manufacturing sectors have stabilised after previous large falls. Mining has also seen a significant pull-back on lower commodity prices. By state, NSW and Tas currently see the best conditions, while Qld is now weakest. The recent optimism in forward-looking indicators unwound somewhat this month, with ... (full story)