Australian businesses grew less optimistic about there near- term prospects as the outlook for conditions slumped to a three year low last quarter, signaling a slowdown in the fastest growing developed economy . “While official data imply that the economy grew robustly in the March quarter , activity in the June quarter appears to have softened” NAB said. ” The deterioration in conditions reflected broad-based declines in trading conditions, profitability and employment conditions.”
Aussie $ trading softer at 1.0365.
