Australia May 2025 business conditions index falls to 0 vs +2 in April (long-run average is around +6)
0 is a 4.5 year lowBusiness confidence index rises to +2
Some of the sub measures:
sales index +5 in May vs. +6 in Aprilemployment index 0 vs 4 in Aprilprofitability unchanged at -4NAB chief economist Sally Auld
"By industry, the persistent weakness in retail business conditions and confidence aligns with the softer-than-expected pick-up in consumption over Q1""Our measures of profitability and trading conditions are notably weaker in retail than other industries"'Overall, this survey highlights that business conditions remain weak amid ongoing profitability pressures and soft demand, with signs of a further softening in labour demand.'"We will watch whether there is a more sustained softening in labour demand, with the employment index easing to below average levels" This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
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