Guess who's back...
Australia's business surveys are the closest we have to real-time indicators of what's going down (and up!) in the economy.
And the NAB Survey was a ripsnorter, with business confidence (+16) hitting 11-year highs, while conditions were also strong (+15).
Job ads have also exploded 25 per cent higher year-on-year, to 9-year highs at 192,000.
Source: LMIP
Consumer views on the economy also hit the highest level in 19 months.
It's all in our hands, now.
It would be great to see some ambition from policymakers to target full employment and wages growth, instead of sacrificing would-be workers on the holy altar of financial stability.
Here's hoping...
Anyway, great data.
