NAB business survey shows slight improvement

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The March NAB survey is out and shows a slight improvement in confidence and still solid business conditions:

Business confidence and conditions

Price pressures eased further with falling growth in labour costs:

Labour cost growth
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Purchase costs:

Purchase cost growth

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
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