China reopening pops NAB business survey

Tuesday 14 February 2023

I don’t put as much stock in the NAB business survey these days. It’s simply not as good as it used to be at forecasting economic outcomes.

Still, it is a useful gauge of business sentiment and the Chinese reopening has lifted it:

Back to boom times!

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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.