Business conditions +5 indexprior +10trading conditions and profitability both fell 6ptsemployment index fell 3ptsforward orders fell 4pts to -6 Business confidence -1 prior-2NAB comments: “Consistent with our monthly business survey, today’s release shows business conditions eased in Q2 as slow economic growth and soft consumer demand weighed on firms,”“At +5, conditions are still slightly above the long-run average for the quarterly survey which dates back to 1989, but nonetheless have now come down some way from their recent highs. Confidence also remained weak.” “There was further softening in the forward indicators in the business survey this quarter,” “Expectations for future business
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