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Your source for the business news and analysis that matters. Hot topics, latest trends and expert opinions from respected commentators, NAB’s economists and leaders of Australian businesses.
Our data mapping points to moderate growth in retail sales in July.
There was no let-up in elevated price pressures in the July NAB Business Survey published yesterday, with price indicators accelerating further from the already record highs of recent months.
In this Weekly we look at job ads in more detail to see what they may be portending for activity, and we also cross check the data with other information.
China is continuing its military drills around Taiwan, but that hasn’t impacted markets apart from gold (+0.7% to 1,787.61) retaining some slight geopolitical risk premium.
While consumption has outperformed in the pandemic era – notwithstanding significant differences between sectors – gravity now appears to be catching up.
NAB’s Commercial Property Index eased to +1 pt in Q2 (+11 in Q1) amid reports market is starting to respond to higher inflation and interest rates.
Walking away? China’s ambitious growth target has moved too far out of reach.