Business conditions at -4, up from -6 in April
Business confidence at -1, up from -2 in April
- Mining capital expenditure sank 37 points to an index reading of negative 44 points, its lowest level since the survey started in May 2002.
- Says NAB’s chief economist Alan Oster: “We see GDP growth of 2.8 per cent in 2012-13, softening to 2.3 per cent in 2013-14.”
More here: Mining capex plunges to 11-year low: NAB
