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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
MNI (PERTH)
(MNI) Perth
Australian business confidence slipped below its long term average as cost pressures remain at elevated levels, according to the NAB Monthly Business Survey released on Tuesday.
Business confidence fell 4 points to zero index points, which is below the long term average, as confidence fell in transport and utilities, as well as in mining, manufacturing, finance, and business and property. Business conditions eased 1 point to 22 points.
Cost growth was assessed as mixed, with purchase costs rising to 4.1% in quarterly terms, up from 3.7% in September, while labour cost growth slowed to 2.7% from 3.1% in September. Price growth was running at an unchanged 2% quarterly pace.
Robert covers RBA and RBNZ policy and the economy for MNI in Australia.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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