Westpac stings home loan customers. Plus other business tidbits of the day.
The latest NAB business confidence survey shows business conditions have fallen to their weakest level in three years, driven down by declines in employment, profitability and trading conditions.
As was probably expected, Australian business confidence fell sharply in May, down for a third successive month while business conditions were mixed to weaker.
Key surveys from the ANZ and NAB show a very strong February for business conditions, business confidence and job ads.
Australian consumers are less confident than business, the latest Westpac/Melbourne Institute survey of consumer sentiment shows. But is the lack of confidence due to interest rate rises?
Another strong month for business confidence and conditions has seen NAB boost its growth forecasts and lower its expected unemployment peak.
Is it time to take the foot off the stimulus pedal? Today's NAB business survey reveals what it calls the "remarkable ongoing strength" in business confidence and there's been a rapid rise in business conditions.
The NAB's quarterly business survey shows improvements in confidence, expectations and conditions ahead of tomorrow's important consumer inflation figures.
The recent strong surge in business confidence has ended with the National Australia Bank reporting a small dip in the September reading today.