Australian August business confidence -4 vs. prior +1 ...Middle East

National Australia Bank monthly survey of business, for August 2024Business Confidence -4, lowest for the year so farprior +1Business Conditions +3 prior +6conditions to the lowest in 2-1/2 yearsemployment index came in at +1, sharply down from +7 in July Inflation indicators:growth in labour costs quarterly rate of +1.7% (from July's +2.4%)purchase costs +1.6% in the quarter (from July's +1.3%)retail prices +1.2% for the three months ending August (+1.0% in July)National Australia Bank (NAB) comments:"suggests the period of very strong private sector labour demand seen throughout the post-COVID period may be coming to an end""Conditions are now fairly clearly below average compared to the h

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