NAB business survey continues fade

Monday 25 January 2016

The NAB business survey for December is out and continues to fade after its recent good run:

The headline numbers are still decent if fading:

But under the bonnet weakness is creeping in, most noteworthy is employment which shows up ABS numberwang spectacularly:

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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.