The National Australia Bank Business Survey of conditions and confidence
- Due at 0030 GMT
- Business confidence, prior was 6
- Business conditions, prior was 12
This preview via ANZ:
- We think business conditions nudged higher in December. While we do not expect them to rebound to the record peak of a few months ago, sentiment is still sitting around elevated levels.
- We will be watching the details around profitability and employment expectations for signals as to how long into 2018 the current strength in the labour market will persist.
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This via TD Securities:
- Markets will likely focus more on wage pressures, replacing higher energy costs as businesses' biggest worry, amid the already buoyant business conditions.
- After a big 2017, we will wait to see if investment and employment momentum is maintained, before taking a stance.
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This via Westpac:
- The NAB business survey continues to point to above average conditions, albeit distributed unevenly by industry and region.
- Confidence is near average.
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