17 Jul 2014
NAB’s quarterly business survey: Confidence eased in Q2
FXStreet (Bali) - Business confidence in Australia eased in Q2, while business conditions also remained soft in level terms, with the latest quarterly readings showing 6 (7 in Q1) and 1 (0 in Q1) respectively.
Alan Oster, Chief Economist at National Australia Bank, notes: "Business confidence eased a touch, but remains at relatively resilient levels post-budget. Business conditions improved marginally as underperforming industries improve. Forward indicators point to further modest improvement over coming months, but the economy will remain sub trend with soft labour demand."
"Medium term expectations for conditions flat. Capex expectations up somewhat. The survey measures of price pressures suggest lower inflation – especially retail prices. Special question on the impact of currency shows retailers and wholesalers benefiting from strengthening AUD", Oster added.
Alan Oster, Chief Economist at National Australia Bank, notes: "Business confidence eased a touch, but remains at relatively resilient levels post-budget. Business conditions improved marginally as underperforming industries improve. Forward indicators point to further modest improvement over coming months, but the economy will remain sub trend with soft labour demand."
"Medium term expectations for conditions flat. Capex expectations up somewhat. The survey measures of price pressures suggest lower inflation – especially retail prices. Special question on the impact of currency shows retailers and wholesalers benefiting from strengthening AUD", Oster added.