Australia’s NAB business confidence slips back into negative as cost pressures persist

Australia’s NAB Business Confidence fell from 5 to -1 in February, erasing last month’s gain and returning to below-average levels. While business conditions improved slightly from 3 to 4, the decline in confidence suggests that businesses remain cautious despite RBA’s recent rate cut and positive Q4 GDP data. NAB Chief Economist Alan Oster noted that […]

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