Preview of the National Australia Bank business survey (confidence and conditions) for November
Due on Tuesday 11 December 2018 at 0030 GMT
- NAB do not provide a preview but have this to say:
- While still elevated, conditions have been broadly softening of late, notably in NSW
Its likely the decline is related in some part to the housing cycle and a slowdown in employment growth after recent record strength
Westpac note too that conditions have eased
ANZ:
- Australian business conditions are likely to be relatively unchanged in November, in line with other business surveys. While conditions have stepped down from their earlier peak, they remain around elevated levels.
- Having said that, the recent decline in capacity utilisation is an unwelcome development from a labour market point of view; we will be watching this detail closely.
