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NAB business survey sub-metric for the....>

AUSTRALIA
AUSTRALIA: NAB business survey sub-metric for the labour market up to 4.6 in
June from May's 1.9, extending on the uptick from the negative reading seen in
April.
- Survey noted that "the labour market continues to be closely watched, with a
slowdown in economic growth putting at risk employment demand that could result
in a deterioration in the unemployment rate. This month, the survey measure of
employment rebounded to be around twice its long-run average after trending
lower in recent months. While, this is a welcome development, in trend terms the
employment index is close to the long-run average."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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