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Trading news
10 Mar 2020
NAB business survey (Feb) falls well below concensus
In Australia, the February NAB business survey has been released and should be taking a special interest in markets considering the timing of it related to the bush fires and the coronavirus impact.
NAB business survey
- BUSINESS CONDITIONS INDEX SLIPS TO 0 VS +2 IN JAN vs 3 exp.
- BUSINESS CONFIDENCE INDEX DROPS TO -4 VS -1 IN JAN vs 0 exp.
January’s survey showed business conditions +3, confidence -1, versus a long term average around +6.
So far, there has been little impact on AUD.
More to come