NAB Business Survey for May is due at 0130GMT
- Business conditions, prior 21
- Business confidence (used as a measure of sentiment while the 'conditions' are a little more objective), prior 10
A quickie look at what to expect, via ANZ (bolding mine):
- We believe Australian business conditions should remain elevated in May. Conditions leapt in April to the highest level on record, with underlying details around profits and capacity utilisation all positive. Strength in other business surveys, especially the services sector, is likely to see this positive run persist.
- We are also looking for business confidence to nudge higher on the back of a fairly well received federal government budget
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With conditions so strong I guess there is room for disappointment if they come in under the previous result. Having said this, eyes will be on Singapore today for the Trump - Kim summit.
