NAB upgrades GDP growth forecast
Growth expected to remain subdued despite signs of resilience
Source: brokernews.com.au
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Wary consumers drive businesses to the wall | Canberra CityNews
A wary consumer is starting to hit vulnerable sections of the private sector, with more business failures likely to come.
Source: citynews.com.au
Costs and wary consumers driving businesses to the wall
Consumers are tightening their belts and some businesses are starting to feel it. The average value for invoices,...
Source: oberonreview.com.au
NAB reveals the latest on consumer spending
Fairly strong growth recorded in July and August
Source: brokernews.com.au
Australian business conditions hold strong in Aug, cost pressure elevated
Australian business conditions proved resilient yet again in August with a broad uptick in sales, profits and jobs, while inflationary pressures remained elevated, a result that could add to the case for more monetary tightening to tame inflation. A survey from National Australia Bank Ltd (NAB) released on Tuesday showed its index of business conditions rose to +13 in August, from an upwardly revised +11 in July. "There was a notable rise in the employment index which is well above the long-run average, suggesting labour demand has remained strong into the second half of the year,"...
Source: yahoo.com