National Australia Bank Business Survey for June 2023
Business conditions 0.0
- prior -3.0
Business conditions 9.0
Subindexes in the month
- sales down a point to a
still-strong +14 - employment index unchanged at
+5 - profits +2 to +9
- forward orders +3 to -2
NAB comments:
- “Business conditions have eased notably since January but
remain above their long run average, a sign of ongoing
resilience” - “We continue to see warning signs in the survey about the
outlook for growth but as of June firms were yet to see a real
deterioration”
More:
- Labour costs +2.6% q/q
- Input cost growth +2.3% q/q
- Capacity utilisation fell to 83.5%, its lowest since early
last year.
AUD/USD update, not a lot changed on the data: