Australia May 2025 business conditions index falls to 0 vs +2 in April (long-run average is around +6)
- 0 is a 4.5 year low
Business confidence index rises to +2
- vs -1 in April
Some of the sub measures:
- sales index +5
in May vs. +6 in April - employment index 0 vs 4 in April
- profitability unchanged at -4
NAB chief economist Sally Auld
- “By industry, the persistent weakness in retail business
conditions and confidence aligns with the softer-than-expected
pick-up in consumption over Q1” - “Our measures of profitability and trading conditions are
notably weaker in retail than other industries” - ‘Overall, this survey highlights that business conditions remain weak amid ongoing profitability pressures and soft demand, with signs of a further softening in labour demand.’
- “We will watch whether there is a more sustained softening
in labour demand, with the employment index easing to below
average levels”
This article was written by Eamonn Sheridan at www.forexlive.com.
#Australian #Business #confidence #prior #Forexlive
Australia business confidence conditions
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