NAB survey slip sliding away

Wednesday, 13 March 2024

Goodbye NAB survey. Westpac with the note.

The latest private business survey confirmed a soft economy notwithstanding a small rise in business conditions, a move driven by a bounce in WA. Business confidence is low and moved lower still as the sustained contraction in forward orders rolls-on.

These were some of the main findings from the latest NAB business survey, conducted from February 13 to 23.

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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.