National Australia Bank business survey September 2024
Business confidence -2
- prior -5
Business conditions +7
- prior +4
NAB commentary:
- "Some of last month's fall in confidence was reversed in September but confidence remains well below average,"
- "Interestingly, as we think we are passing through the weakest point in economic growth for this cycle, business conditions have broadly tracked around average through mid-2024."
Conditions sub-measure employment +5 after +1 in August
Labour costs slightly eased to +1.7 from +1.8 in August
Purchase costs fell to +1.2 from +1.6
