NAB quarterly business survey weak

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I’ve done the NAB monthly survey already. The quarterly version is out today and shows much the same story of persistent weakness. There doesn’t seem a whole lot of point in repeating it but of note eastern states conditions are stalled and not improving while WA and SA are tumbling. It still has rate cut written all over it.

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Survey Details 2013q2 (1)

About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.