SME confidence falls deeper into negative territory
Insight
Our monthly transaction data suggest spending has been softer as the year progresses.
“Our monthly transaction data suggest spending has been softer as the year progresses.”
“Consumers remain under pressure. Both our transaction data and consumer sentiment survey show that consumers are cutting back on spending, especially in non-discretionary expenses.”
“While these data are nominal, they align with our view that consumption has remained subdued in Q2.”
For further details please see NAB Monthly Data Insights (May 2024)
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