Join us as we discuss interest rates, general economic conditions, and the NAB AUD/USD forecast
Webinar
Business confidence hangs on to gains made last month on reduced global fears. Business conditions improve a touch, but still poor. Signs that previously stronger industries are being dragged down by weakness elsewhere. Capacity utilisation now lowest since 2001 and forward orders remain …
Business confidence hangs on to gains made last month on reduced global fears. Business conditions improve a touch but are still poor. Signs that previously stronger industries are being dragged down by weakness elsewhere. Capacity utilisation now lowest since 2001 and forward orders remain weak. Floods in north-east Australia do not appear to have had major impacts on activity. GDP forecasts unchanged – rate cuts still coming but marginally delayed.
Implications for NAB forecasts (See latest Global and Australian Forecasts released on 29 January 2013):
For further analysis download the full report.
© National Australia Bank Limited. ABN 12 004 044 937 AFSL and Australian Credit Licence 230686.