Australian September business confidence -2 (prior -5)

National Australia Bank business survey September 2024

Business confidence -2

• prior -5

Business conditions +7

• prior +4

NAB commentary:

• “Some of last month’s fall in confidence was reversed in
  September but confidence remains well below average,”
• “Interestingly, as we think we are passing through the
  weakest point in economic growth for this cycle, business
  conditions have broadly tracked around average through
  mid-2024.”

Conditions sub-measure employment +5 after +1 in August

Labour costs slightly eased to +1.7 from +1.8
in August

Purchase costs fell to +1.2 from +1.6

This article was written by Eamonn Sheridan at www.forexlive.com.