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Australia’s alarming economic stall

Yesterday, a couple of data releases painted an increasingly disturbing picture of the local economy. The NAB business survey is bleeding out. Business conditions -1pt to -2 Business confidence -1pt to -15 Trading conditions -4pt to -1 Profitability -2pt to -8 Employment +5pt to +4 Forward orders -11pt to -12 Capacity utilisation -7bp to 82.1% The post Australia’s alarming economic stall appeared…

We haven't written up this one. MacroBusiness has the full story — the link below goes straight to it.

Read the original at macrobusiness.com.au →

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