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The National Australia Bank's business....>

AUSTRALIA
AUSTRALIA: The National Australia Bank's business survey for June showed
continued elevated levels of confidence and conditions but no sign yet of a
pick-up in inflationary measures. All key inflationary measures like purchase
price, final products prices, labor costs and retail prices edged lower in June.
Added to this was a drop in employment sub-index, though the current level is
still consistent with jobs growth of around 20,000 a month. Still it may not be
sufficient to push the jobless rate gradually lower especially if there is an
increase in labor participation.
- For full story see MNI Main Wire at 02:30 BST 07/10, or for full access
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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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