Australian November business confidence -3 vs. prior 5 ...Middle East

National Australia Bank monthly survey of business, for November 2024Business Confidence drops to -3prior was +5Business Conditions drop to +2, the lowest since the pandemic (worst since late 2020)prior was +7Some of the sub indexes:sales come in at +5, from +13 in Octoberprofitability -1 (from +5)employment intentions +2 (from +3)Cost pressure indicators:retail prices quarterly pace of +0.6%, from +1.1% in Octoberinput costs ticked up to +1.1%labour costs held at 1.4%Comments from the report: "While we were optimistic last month, it appears the trend of well below-average confidence remains intact," "Conditions in the goods sector remain weak," "Interestingly conditions in the serv

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