The NAB business survey for March provided further confirmation that the COVID-19 medical crisis is also an economic crisis, economists at Westpac Institutional Bank inform. Key quotes “Business confidence collapsed. The index fell to -66, down from -2 in February.” “Business conditions fell from 0 to -21.” “Manufacturing reported was a -21 – at odds with the AiG’s PMI, which rose to 53.7 in March on the back of increased demand for manufactured food, groceries and personal care items.” “Construction was little changed, at -3. Mining fell to a -42, with the world economy sliding into a deep recession and prices for some commodities (notably oil) moving lower.” 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 EUR/NOK: Cautious bullish on the Norwegian krone – Danske Bank FX Street 2 years The NAB business survey for March provided further confirmation that the COVID-19 medical crisis is also an economic crisis, economists at Westpac Institutional Bank inform. Key quotes “Business confidence collapsed. The index fell to -66, down from -2 in February.” “Business conditions fell from 0 to -21.” “Manufacturing reported was a -21 - at odds with the AiG’s PMI, which rose to 53.7 in March on the back of increased demand for manufactured food, groceries and personal care items.” “Construction was little changed, at -3. Mining fell to a -42, with the world economy sliding into a deep recession and… 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.
