Catherine Birch, senior economist at ANZ, notes that the Australian business conditions deteriorated to 0.5 points in August, the weakest result since September 2014. Key Quotes “Profitability fell to its lowest since late 2013 following very soft non-mining profit growth of 0.3% q/q in Q2 (1.5% y/y). Trading and forward orders both weakened. Capacity utilisation jumped 1ppt but it has been extremely volatile over the past few months. The employment index recovered almost to its long-run average, and labour costs rose.” “There was a bounce in retail business conditions in August but it remains the weakest industry at -16.3. Manufacturing saw a small improvement as well, but it also sits in negative territory at -6.5. The other industries all recorded declines in conditions during the month. Only mining and finance sit above their long-run averages (using three-month averages).” 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 USD/INR technical analysis: Bounces off 100-bar EMA, 3-week-old channel’s support FX Street 4 years Catherine Birch, senior economist at ANZ, notes that the Australian business conditions deteriorated to 0.5 points in August, the weakest result since September 2014. Key Quotes "Profitability fell to its lowest since late 2013 following very soft non-mining profit growth of 0.3% q/q in Q2 (1.5% y/y). Trading and forward orders both weakened. Capacity utilisation jumped 1ppt but it has been extremely volatile over the past few months. The employment index recovered almost to its long-run average, and labour costs rose." "There was a bounce in retail business conditions in August but it remains the weakest industry at -16.3. Manufacturing… 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.
