Australia's Business Confidence Slumps in Bad Omen for Economy [Yahoo! Finance]
NATL AUSTRALIA BK S/ADR (NABZY)
NASDAQ:AMEX Investor Relations:
nab.com.au/about-us/shareholder-centre
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Source: Yahoo! Finance
Most Read from Bloomberg Brace for a Nationwide Shuffle of Corporate Headquarters A Chicago Skyscraper Cements the Legacy of a Visionary Postmodern Architect NYC's Run-Down Bus Terminal Gets Approval for $10 Billion Revamp Cloud Computing Tax Threatens Chicago's Silicon Valley Ambitions Kansas City Looks Back on its Long, Costly Ride With Microtransit A National Australia Bank Ltd. survey showed Tuesday that business confidence slid 8 points to -3 points, reversing gains made in October. Conditions fell to 2 points from 7 with all three subcomponents now either at or below average. “Overall, the survey points to ongoing soft growth in Q4,” NAB said in the report. “With capacity utilization unchanged at an above-average level it will likely take more time for price pressures to fully normalize.” The report comes just hours ahead of the Reserve Bank's final interest rate decision of the year when it is all-but-certain to leave policy settings at a 13-year high of 4.35%.
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