Andrew Hanlan, analyst at Westpac, points out that the Australia’s NAB business survey showed that the business conditions index rose by 4pts following an 8pts plunge in December (note that the December read was revised up to +3 from +2), while business confidence was little changed, edging up 1pt to a still below average +4. Key Quotes “The current reading for business conditions, of +7, is broadly in line with average levels (for the monthly series dating back to March 1997).” “The deterioration in business conditions on a 6 month basis is particularly stark – not as sharp as during the GFC and the introduction of the GST, but otherwise the weakest period in the past 20 years (see chart opposite).” “The survey suggests that employment conditions currently are consistent with near-term job gains of +19k per month – which is only a little below the 2018 average of +21k and would likely hold the unemployment rate steady. We would note that employment conditions are now almost back to the levels prevailing at the end of 2016.” 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 NZ: Truckometer indexes bounced in January – ANZ FX Street 3 years Andrew Hanlan, analyst at Westpac, points out that the Australia's NAB business survey showed that the business conditions index rose by 4pts following an 8pts plunge in December (note that the December read was revised up to +3 from +2), while business confidence was little changed, edging up 1pt to a still below average +4. Key Quotes "The current reading for business conditions, of +7, is broadly in line with average levels (for the monthly series dating back to March 1997)." "The deterioration in business conditions on a 6 month basis is particularly stark - not as sharp as during… Regulated 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.
