Reported 10 months ago
According to a survey by the National Australia Bank, Australian business conditions dipped in May, with sales and profits growth slowing, while cost pressures showed signs of picking up. The business confidence index fell, reflecting a mixed outlook for the Reserve Bank of Australia, which has kept interest rates unchanged. Cost pressures increased in areas such as retail prices, labour costs, and purchasing costs, indicating a gradual and uneven path for inflation.
Source: YAHOO