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NAB Quarterly Business Survey – June 2022
Conditions strengthened in Q2, up 9pts to +20 index points, while business confidence eased back to +5 index points. Conditions were strong across most sectors, reflecting improvement from the Omicron-affected Q1. According to Alan Oster, NAB Group Chief Economist, “Conditions strengthened in Q2 as the disruptions related to the virus receded. Trading, profitability, and employment were all higher with conditions approaching the high levels seen in early 2021.” “Conditions are strong across most sectors with big gains in recreation & personal services, and conditions were also strong across the states,” said ... (full story)