标题: Australian Economy is not too bad [打印本页] 作者: Lease 时间: 2015-9-11 12:52:22 标题: Australian Economy is not too bad
NAB Monthly Business Survey – August 2015
Key Points
Business conditions point to a further improvement in the non-mining economy, even as jitters in financial markets weigh on confidence. The conditions index jumped 5 points to +11 in August, after losing a little ground last month, lifting the trend index to its highest level since late 2009. By component, both trading conditions and profitability recorded a notable improvement, but the employment index remains at very subdued levels. This outcome adds to the mounting evidence that AUD depreciation and record low interest rates are having the desired effect and helping to offset the weakness in mining. Even so, outcomes vary significantly by industry. Services sectors continue to outperform, while retail has improved considerably. The ‘bellwether’ wholesale industry remains weak, but probably reflects margin squeeze due to AUD depreciation as other leading indicators (aggregate forward orders and capacity utilisation) have improved.
