<p>From the National Australia Bank Business Survey for September 2022</p><p>Business confidence 5</p><ul><li>prior 10</li></ul><p>Business conditions 25</p><ul><li>prior 22</li></ul><p>The conditions measure is more objective than the sentiment-baed confidence measure. </p><p>NAB comments:</p><ul><li>Conditions are now higher than their pre-COVID peak, which shows just how strong demand is at present</li><li>Clearly, consumers are still finding a way to keep spending, with the very strong labour market, savings buffers and a broader post-pandemic recovery all playing a role.</li></ul><p>Sub index highlights:</p><ul><li>employment, capex strong</li><li>labour and input costs are high but are looking as if they have peaked</li></ul><p>more to come </p>
This article was written by Eamonn Sheridan at forexlive.com.
