ANZ on the Australian NAB Business Survey, released yesterday

Australian business conditions reached a record high in October, as reported profitability rose sharply. This suggests that robust employment growth should continue through 2018. Consumer sentiment has also been steadfast, slightly above its long-term average. The strength in conditions is particularly pleasing given recent political uncertainty. However, with wage growth continuing to disappoint – even after the strongest run of employment growth in two decades – the downside risks are never far away.

15 Nov 2017 - 04:16- - Source: ANZ

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