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 […]
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.
About the Author
Michael is responsible for formulating the bank’s views on global markets for agricultural and energy commodities. His role involves forecasting trends in key markets and providing strategic insights into the linkages between macroeconomic conditions, financial and commodity markets. Michael speaks regularly on the state of the economy and commodity markets, with his views widely quoted in the media.
Prior to joining NAB, Michael was an economist with the Victorian Department of Treasury and Finance, providing macroeconomic and revenue forecasts and economic policy advice. Michael has extensive research experience in macroeconomics, commodities, international trade, public policy and economic development. He holds degrees in psychology, econometrics and a Master’s degree in economics from Monash University.
