Australia’s business conditions improve slightly in February: NAB
Australia’s business conditions improved slightly in February, with modest gains in trading and profitability, but confidence fell by 6 points to -1, reversing January’s rise, according to the National Australia Bank. Retail orders declined, and capacity utilisation eased to 81.9 per cent. Despite some economic recovery, cost pressures remain high, impacting profitability.
Australia’s business conditions improved slightly in February, with modest gains in trading and profitability, but confidence fell by 6 points to -1, reversing January’s rise, according to the National Australia Bank.
Retail orders declined, and capacity utilisation eased to 81.9 per cent.
Despite some economic recovery, cost pressures remain high, impacting profitability.
