The Aussie data just keeps getting worse. The NAB February business survey was poor again: Check out the internals with confidence and conditions sinking: Leading indicators like forward orders and capex crashed with capacity utilisation: More on the last: There goes inflation and wages growth! The only sliver lining was employment still holding a good
The post NAB business survey falls apart appeared first on MacroBusiness.
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]