A mixed bag in Australian business survey - confidence a touch better, conditions worse ...Middle East

National Australia Bank Business Survey for March 2024:Business Confidence 1prior 0Business Conditions 9prior 10Some of the sub indexes:business sales steady at +14employment steady +6profitability fell 4 points to +6capacity utilisation 83.2%, from 83.4% - pointing to supply and demand coming into better balance Cost pressures remain evident:retail prices +1.3% q/q (prior +1.4%)purchase costs 1.4% (prior 1.8%)NAB says on price pressure:"This aligns with our expectation that progress on bringing inflation back to target will be gradual from here, and we expect that to be further reinforced by the Q1 CPI result later in April"AUD little changed This article was written

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