Nationwide Australia Financial institution month-to-month survey of enterprise, for November 2024
Enterprise Confidence drops to -3
Enterprise Situations drop to +2, the bottom for the reason that pandemic (worst since late 2020)
Among the sub indexes:
- gross sales are available in at +5, from +13 in October
- profitability -1 (from +5)
- employment intentions +2 (from +3)
Price stress indicators:
- retail costs quarterly
tempo of +0.6%, from +1.1% in October - enter prices ticked as much as +1.1%
- labour prices
held at 1.4%
Feedback from the report:
- “Whereas we have been optimistic final month, it seems the pattern
of nicely below-average confidence stays intact,” - “Situations within the items sector stay weak,”
-
“Curiously circumstances within the providers sectors – recreation &
private providers and finance, enterprise & property providers –
proceed to trace at a better charge.”
—
The October information was encouraging:
this report for November, not a lot.
AUD/USD not so much modified:
