NAB Business Survey sags

Monday, 13 May 2013

The April NAB Survey is out and is another lousy report. Here’s the headline numbers:

A slight improvement in poor conditions has been seriously outweighed by falling confidence and especially employment, which a hit a new low for the cycle:

By industry, it’s universal softness:

And unhappiness:

Especially in mining!

A poor report.

NAB Business Survey April

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.