NAB business conditions turn negative for first time since 2020, survey shows
Bitget2026/09/24 05:02- NAB’s Q3 2026 business survey showed conditions slipped into contraction, with the conditions index down 3 points to -2.
- Confidence improved from the prior quarter’s slump, rising 8 points to -11, still well below the long-run average.
- Profitability weakened as sales margins fell 4 points to -20, the lowest level since June 2020.
- Cost pressures intensified: purchase costs rose 1.2% quarter-on-quarter versus a 0.5% increase in final product prices.
- Labor strains persisted, with labor cost growth at 1.2% quarter-on-quarter; 29% of firms cited labor as a significant output constraint.
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