Andrew Hanlan, analyst at Westpac, notes that Australia’s NAB business survey for August reveals that policy stimulus has yet to provide a boost to the economy as in a surprise result, conditions not only failed to rise but weakened further. Key Quotes “The business conditions index fell, down by 2pts to +1. This, a below average reading, is the softest result since 2014.” “Business confidence fell by 3pts to +1, a well below average reading. Confidence has evaporated against a challenging domestic backdrop and a deteriorating and uncertain global environment.” “The NAB survey indicates that the weaker economic conditions evident in 2019 have extended well in to the September quarter.” 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 Goldman Sachs cuts 2019 oil demand growth forecast, WTI hovers around $ 58 FX Street 4 years Andrew Hanlan, analyst at Westpac, notes that Australia's NAB business survey for August reveals that policy stimulus has yet to provide a boost to the economy as in a surprise result, conditions not only failed to rise but weakened further. Key Quotes "The business conditions index fell, down by 2pts to +1. This, a below average reading, is the softest result since 2014." "Business confidence fell by 3pts to +1, a well below average reading. Confidence has evaporated against a challenging domestic backdrop and a deteriorating and uncertain global environment." "The NAB survey indicates that the weaker economic conditions evident… 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.
