Australia’s business conditions weakened from the December high, while business confidence strengthened in January, survey results from the National Australia Bank showed Tuesday.
The business conditions index dropped 9 points to 7 in January. However, the score was above average and back around November levels.
Meanwhile, the business confidence index advanced 5 points to 10 in January.
The overall drop in conditions was driven by a decline in all three sub-components with trading conditions leading the fall and the employment index also easing in the month. That said all three sub-indexes remained in positive, expansionary territory.
Among industries, conditions remained strongest in retail and weakest in construction followed by personal services.
Capacity utilization edged up in the month, while forward orders weakened from December. On investment, capex rose to be just in positive territory at 1 index point.
“Business started the year on a more optimistic note, even as conditions eased from the strength we saw in December,” Alan Oster, NAB group chief economist.
The material has been provided by InstaForex Company – www.instaforex.com
🚀If you want to get a Forex Robot Coded as per your trading strategy but are unable to do so because of the high price for the Robot then you can take advantage of the CROWD FUNDING campaigns feature. ✔ These are some crowd funding campaigns for Forex Robots, which when completed can provide the very same Forex Robot to the participants at an average price of $5-$10 per participant. ✔ You either participate in one of the already listed campaigns or send us your Forex strategy : Submit Crowd Funding Campaign , for which you would like the Forex Robot to be coded. A Crowd Funding Campaign would then be started for the same . ✔ All you have to do later on is to share the campaign online with your friends to encourage more people to participate in the campaign.
As a result, each participant can get that Forex robot for just a campaign contribution of $5 (which is the minimum). Participants can back the campaign by anything above or equal to $5 to reach the funding goal to close the campaign.