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The details of the latest NAB business....>

AUSTRALIA
AUSTRALIA: The details of the latest NAB business survey note that "business
conditions fell sharply in December, and while caution should be taken when
interpreting data around the Christmas/New Year period, this outcome continues
the downward trend in conditions over the second half of 2018. At face value,
the fall over the past 6 months suggests a significant slowing in the momentum
of activity in the business sector - especially from the highs seen earlier in
the year. The deterioration in conditions in the month was driven by declines
across trading, profitability and employment and was relatively broad-based
across states and industries. Conditions remain particularly weak in the retail
industry which reports further ongoing deterioration. Capacity utilisation
remains above average, though forward orders are below average (and falling) and
alongside below average confidence suggests conditions are unlikely to rebound.
Monitoring the future conditions and orders track will be critical regarding our
outlook for the economy in 2019."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MarketsFixed Income BulletsForeign Exchange Bullets
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MarketsFixed Income BulletsForeign Exchange Bullets

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