Australia’s NAB March business survey: Outlook improving

By FXStreet Australia’s business outlook for the month of March, according to the latest NAB survey, continues to improve, with business confidence coming at 6 vs 3 last, while business conditions stood at 12 vs 8 last.

NAB Monthly Business Survey – March 2016

“The latest Survey provides strong evidence that the Australian business environment has not only weathered global uncertainties, but appears to have strengthened. There are also signs that the non-mining recovery is becoming a little more broad-based.”

“Consequently, our outlook for the economy remains fundamentally unchanged, with no more cash rate cuts expected, although recent statements from the RBA reinforced the point that if the non-mining sector were to show any signs of weakening, lower inflation and AUD strength has increased the RBA’s willingness to lower rates.
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Source:: FX Street