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Back Fundamental analysis
Australian dollar: expectations and risks
The latest monthly NAB survey showed
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The latest monthly NAB survey showed a deterioration in business activity in Australia. In April, companies' input costs rose 4.5% (quarter-on-quarter), notably outpacing the increase in output prices (1.8%). That has squeezed margins and weighed on investment activity. Forward orders, capital expenditure, cash flows, and employment have all fallen noticeably in recent months and are well below long-term averages. Despite this, the business confidence index grew 5 points to -24. That gain likely reflects hopes in April for a rapid end
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Kuvat Raharjo,
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