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Analysts at TD Securities provide a brief preview of what to expect from Tuesday’s Australian Business confidence  and Conditions Survey published by the National Australia Bank (NAB) at 0030 GMT.

Key Quotes:

“Business confidence dropped from 4 to 1 and conditions from 3 to 1 in August – both below 2018 levels.

That said there were positives from the report – capacity utilization rose from 81% to 82% and the employment index rose to +2 from flat.

Of most interest is whether the stabilization in trade war tensions drives an uplift in business sentiment.”