Australian October business confidence 5 vs. prior -2 ...Middle East

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Australian October business confidence 5 vs. prior -2
source : forex live ( Middle East ) () 47
National Australia Bank monthly survey of business, for October 2024Business Confidence +5, highest in nearly two yearsprior -2Business Conditions +7prior+7--Some of the sub indexes:sales +1 to +13 (a strong reading)profitability steady at +5employment intentions -2 to +3growth in input costs slowing to 0.9% q/q, from 1.3% in Septembergrowth in product prices 0.5%, from 0.6%growth in labour costs 1.4%, from 1.9%Comments from the NAB report:"Confidence spiked in the month after an extended period of below average reads""While it's just one month this is an encouraging sign alongside a tentative improvement in forward orders." "The survey, like other price indicators, continues to suggest an o

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