Australia local business conditions rock solid, says NAB

Australian business conditions remained “rock solid” last month though retail conditions are “still a significant concern”, according to NAB

NAB’s monthly survey for September showed business conditions remained at 14 points. Business confidence rose to 7 from the previous month's print of 5. 

Key points

• Capex intentions up to +9
• Employment index -3 points to +7 (still a strong measure at 7)
• Sales up one point to +19 (an historic high )
• Profitability +2 points to +17
• Capacity utilisation up to 81.9 percent