NAB business survey continues sag

Via NAB comes the business survey:

Not much to crow about there. Employment still OK but not strong. Components:

The leading indicators of forward orders and capex are still poor. Only banks and miners happy. Rates cuts still ahead. Full report.

Houses and Holes

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 fouding 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.

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