The NAB Monthly Business Survey for February is out and it shows a big boost to confidence in the month following the floods:
However business conditions largely went the wrong way outside mining and remain weak across the services economy:
One ray of light was prices paid, which continues to show moderating inflationary forces. Retail is low, producer prices were up slightly but at a moderating pace and wage pressures are abating steadily.
No rate rise here (full report below).