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Australian leading indexes crash into recession

September 10, 2019 - 14:30 -- Admin

Via Damien Boey at Credit Suisse: The NAB business confidence survey for August was quite soft. Business confidence fell to +1 from +4, while firms’ assessment of business conditions also fell to +1 from +3. Compositionally, firms reported softer growth in trading activity, weakness in new orders, and contraction in profits. Interestingly, hiring intentions rose

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