NAB Business Survey – recap … another RBA Cash Rate Cut Coming in Feb.?

• Business Conditions unchanged at -5 (weakest since Mar 2009)
• Business Confidence, dreadful miss at -9 for November vs. -1 for October (lowest since April 2009)
• Weak future indicators (weak capacity utilization, inventory and orders)
• Points to higher potential for another RBA rate cut in near future (next RBA meeting is Feb. 5. 2013)

Business Confidence – last 12 months: