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NAB enterprise survey is performed month-to-month
December enterprise confidence -1, decide ups in mining and retail
Enterprise situations index 7, says NAB: “Circumstances eased in December and at the moment are firmly round their long-run common degree”.
Factors from the survey:
- measures of labour and manufacturing prices fell again after they rose within the November survey
- labour price progress 1.8% in quarterly equal phrases (from 2.3% in November)
- buy price progress to 1.6% (from 2.5%)
- total value progress to 0.9% (from 1.2%)
- quarterly progress in retail costs dropped sharply to the bottom since late 2020, at 0.6% in December from 1.8% in November
- enterprise gross sales down 3 to a nonetheless stable +10
- profitability unchanged at +6
- employment +7, from +8 in November
- capability utilisation to 82.7%, from 83.6%
General value progress eased to 0.9% (from 1.2%), with retail costs slowing to 0.6% (from 1.8%).
NAB says on retail costs:
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“The gross sales durations round Black Friday and Christmas probably have performed a task right here however that is nonetheless an encouraging signal that inflation could have eased on the finish of the quarter”
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