Australian business conditions remained stable in March with steady sales and employment, despite high interest rates. Price pressures eased slightly, according to a survey by the National Australia Bank.
First-ever speedcubing competition in P.E.I. draws large crowd | SaltWire #rubikscube #charlottetownSYDNEY - Australian business conditions were little changed in March as sales and employment held steady in the face of decade-high interest rates, a survey showed on Tuesday, while price pressures eased slightly from elevated levels.
Capacity utilisation dipped to 83.2%, from 83.4%, suggesting supply and demand are coming into better balance, albeit at an incremental pace. Quarterly growth in retail prices eased to a still elevated 1.3%, after jumping to 1.4% in February in a possible red-flag on the persistence of inflation pressures. Growth in purchase costs fell to 1.4% from 1.8%.
Speedcubing Competition P.E.I. Australian Business Conditions Sales Employment Interest Rates Price Pressures Survey National Australia Bank
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