Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

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Tuesday, 12 July 2016

Biz confidence around post-GFC high

The June 2016 NAB Monthly Business Survey recorded business confidence jumping +3 points to a reading of +6.

A pretty fair effort given the recent turmoil in Britain.

Meanwhile business conditions bolted even higher to a reading of +12, which is miles above the long run average of +5, and an 8-year high.

Source: NAB

Not the kind of result you'd typical associate with further rate cuts, but these are not typical times.

Retail prices fell by -0.2 per cent, which may have implications for the all-important inflation figures.

The inflation (CPI) figures for the second quarter will be released on July 27 - one to watch very closely!