Nationwide Australia Financial institution Enterprise Survey for March 2024:
Enterprise Confidence 1
- prior 0
Enterprise Situations 9
- prior 10
Among the sub indexes:
- enterprise gross sales regular at +14
- employment regular +6
- profitability
fell 4 factors to +6 - capability utilisation 83.2%, from 83.4% – pointing to provide and demand coming into higher steadiness
Value pressures stay evident:
- retail costs +1.3% q/q (prior +1.4%)
- buy
prices 1.4% (prior 1.8%)
NAB says on worth stress:
- “This aligns with our expectation that progress on bringing
inflation again to focus on will probably be gradual from right here, and we
count on that to be additional strengthened by the Q1 CPI outcome later
in April”
AUD little modified
This text was written by Eamonn Sheridan at www.forexlive.com.
