NAB business survey continues dive

Tuesday 11 December 2018

Via NAB:

• How confident are businesses? The business confidence index fell 2pts to +3 (from an upwardly revised October print). While still positive, the recent run of readings suggests confidence has been below average in the latter part of 2018.

• How did business conditions fare? The business conditions index also fell 2pts to +11 index points, continuing the downtrend which began in mid-2018. Despite easing notably in H2 2018, conditions remain well above average.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.