Via UBS comes more on the misleading NAB survey: Aug business conditions rise to a booming post-GFC high of +15.2 (after +14.1) NAB’s survey of business conditions rose further to a booming +15.2 in Aug-17 (UBS: ‘flat’, mkt: nf, average since 1997 of +5.2), the highest since 2007, albeit up only marginally an already strong
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