Australia’s business conditions surged to the highest on record - BBG
|Bloomberg offers fresh insights on the Australian NAB Business conditions data that surged to the highest levels on record.
Key Points:
Australian business conditions surged to the highest on record.
Driven by spikes in sales and profitability.
The data reinforced signs of a strengthening labor market and pickup in investment.
The report came with a caveat: leading indicators suggest the possibility of some pull-back in coming months.
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