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1.Market Observations, 8.Was Sticky

14 Dec 2016 (TheAge) – Business conditions lowest in 19 months, consumer confidence plunges

(14 December 2016, The Age, BusinessDay, p20, Jens Meyer)

‘Business conditions have fallen to their lowest level in 19 months, while consumer confidence has plunged following last week’s quarterly GDP contraction, in further signs the economy has hit a soft patch. NAB’s monthly business conditions index dropped to +5 in November, from +7, its lowest level since April 2015, dragged down by a slowdown in corporate profits and a deterioration in the retail sector.’



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