Andrew Hanlan, Research Analyst at Westpac, notes that in June, Australia’s business conditions were elevated and business confidence is in line with average levels – as was broadly the case in May. Key Quotes “The business conditions index advanced by 1pt in June, to +15. (Note, May was revised lower to +14 from +15.)” “Business conditions updates for May and June are a little lower than over the past six months, which were particularly strong readings.” “Even so, elevated readings on business conditions are consistent with the strengthening of domestic demand over the past year or so, although overstating the pace of demand growth.” “Business confidence declined by 1pt to +6, to be in line with the long-run average but down from readings earlier in the year.” “As for the details around business conditions in June: trading conditions advanced by 3pts to +23; profitability rebounded partially, up 5pts to +17; while employment conditions eased for a second month, down 4pts to +5.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next China: No surprises in CPI data – TDS FX Street 4 years Andrew Hanlan, Research Analyst at Westpac, notes that in June, Australia's business conditions were elevated and business confidence is in line with average levels - as was broadly the case in May. Key Quotes "The business conditions index advanced by 1pt in June, to +15. (Note, May was revised lower to +14 from +15.)" "Business conditions updates for May and June are a little lower than over the past six months, which were particularly strong readings." "Even so, elevated readings on business conditions are consistent with the strengthening of domestic demand over the past year or so, although overstating the… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
