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14 Apr 2015
Australia NAB survey: Modest improvement expected - ANZ
FXStreet (Bali) - ANZ expects a modest improvement in business confidence and conditions in the March Australian NAB survey.
Key Quotes
"We expect a modest improvement in business confidence and conditions in the March NAB survey, after confidence slipped to its lowest level in eighteen months in February. Easing political tension, as well as an improvement in coincident indicators, all point to a pick-up."
"However, the levels of both business conditions and confidence are likely to remain low. Weekly consumer confidence has been declining of late, so some stabilisation is probably in order, but it does suggest NAB risks lie lower."
Key Quotes
"We expect a modest improvement in business confidence and conditions in the March NAB survey, after confidence slipped to its lowest level in eighteen months in February. Easing political tension, as well as an improvement in coincident indicators, all point to a pick-up."
"However, the levels of both business conditions and confidence are likely to remain low. Weekly consumer confidence has been declining of late, so some stabilisation is probably in order, but it does suggest NAB risks lie lower."