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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.
AUSTRALIA DATA
The price and cost components of the NAB business survey continued to ease after their early Q3 highs, which should be good news for the RBA, but they remain high and above their series averages. While higher costs are not being passed on in full, the survey is pointing to continued strong CPI reads. Capacity utilisation was steady but remains elevated signalling continued pressures.
- Labour costs moderated to 1.8% q/q from 2.1%, the lowest in two years, and purchase costs also to 1.8% from 2%. While costs are still being passed onto customers, it is only partially, as the price of final products moderated to 1% from 1.1%. Retail prices were steady at 1.9%.
- See NAB business survey here.
Australia NAB price/cost measures
Source: MNI - Market News/Refinitiv
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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