Our view for the global economy is unchanged – we expect global economic growth to slow to 2.9% in 2024
Insight
June 30, 2012
Quarterly Agribusiness Survey – June 2012
NAB’s Quarterly Agribusiness Survey covers economic and business conditions in Australia’s post farm gate agribusiness sector. Post farm gate business conditions weaken through June. Post farm gate agribusiness conditions decline further in June, due mostly to a large fall in customer confidence Medium term expectations continue to wind back, pulling capex expectations along with them […]
NAB’s Quarterly Agribusiness Survey covers economic and business conditions in Australia’s post farm gate agribusiness sector.
Post farm gate business conditions weaken through June.
- Post farm gate agribusiness conditions decline further in June, due mostly to a large fall in customer confidence
- Medium term expectations continue to wind back, pulling capex expectations along with them
- Confidence in commodities rattled by lower prices, macroeconomic volatility, but should be supported by recent rally in grains and oilseed prices
For detailed analysis download the full report.
