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1.Market Observations, 2.Economic forecasts, 8.Was Sticky

14 June 2017 (AFR) – NAB survey shows business conditions best since pre-GFC

(14 June 2017, AFR, p6, by Jacob Greber)

‘An influential survey – watched closely by the Reserve Bank of Australia – which showed businesses have just enjoyed the best month since the 2008 global financial crisis may be giving a more accurate reading of how the economy is doing than last week’s weather-blighted GDP report. While many economists have been downbeat in the wake of the recent first-quarter national accounts that showed annual growth of just 1.7 per cent, National Australia Bank’s business conditions index has strengthened in recent months’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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