Australia’s NAB Business Confidence Index edged up from -3 to -1 in April. However, the underlying Business Conditions Index slipped from 3 to 2. Trading conditions eased from 6 to 5, while profitability dropped sharply from 0 to -4, highlighting the ongoing strain on margins. Purchase cost growth accelerated to 1.7% in quarterly equivalent terms, […]
The post Australia’s NAB business conditions weaken to 2, profit pressures mount appeared first on Action Forex.