Aussie consumer confidence hit but businesses keep prices up
Wednesday 13th September 2023
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The NAB Business Survey yesterday showed that price growth remained elevated and business conditions rose. NAB’s Ray Attrill says an interesting takeout is the contrast between the resilience showing up in business surveys, against consumer confidence. Even though individual consumer spending is slowing, higher levels of immigration means businesses are still seeing growth and in a position, for now, to pass on costs. It’s a different story n the UK, where wages continue…
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