NAB business survey boom goes bust

David Llewellyn-Smith

Tuesday, 12 June 2018

Not that it was ever as good as advertised but the NAB survey boom is looking decidedly toppy:

Of note, employment, profitability down sharply, stocks up sharply.

The leading indicators of forward orders and capex are rolling:

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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.