ONLY CHARTS #263
Aus NAB survey, Aus consumer confidence, NZ mortgage rates
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1. Australian firms reported that business conditions softened in January to be back below average.
Within that composite measure, profitability weakened the most.
Aussie retailers also reported that business conditions - particularly profitability - fell back below average in January after rising sharply in December…
2. Australian businesses reported slightly softer forward orders in January. The below-average reading continues to point to relatively subdued domestic demand growth.
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