Aust Biz Conditions at all time high

November 14, 2017

Data just released shows that "Business Conditions" rose to a 21+ index points in October, up from +7 in September and at an all time high since the index began in 1997.  

"Business Confidence" was also on the up and holds above its long term average. 

 

The A$US$ has jumped on the back of those readings and we now look to Chinese Industrial Production numbers at 1pm and a speech by outgoing US Fed Chairwoman Yellen overnight, to see if any recovery can be sustained.

Going forward, I'd expect a slow upward grind as we look towards Wednesday nights more important US data and Thursdays local Unemployment report.

 

Jim Devonport

E: jim.devonport@finport.com

M: 0415066468.   

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