NAB business survey falls apart

David Llewellyn-Smith

Tuesday 12 March 2019

The Aussie data just keeps getting worse. The NAB February business survey was poor again:

Check out the internals with confidence and conditions sinking:

Leading indicators like forward orders and capex crashed with capacity utilisation:

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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.