Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy.
Latest NAB survey shows growing concerns among businesses about Australia’s economy
Australian businesses are becoming more concerned about the outlook for the economy as forward-looking indicators in National Australia Bank’s fresh survey revealed a softening. The bank’s latest quarterly business survey on Thursday revealed expected business conditions fell at both a three-month and 12-month horizon, while its forward orders index fell further into negative territory.
Australian SMEs struggling, performance data reveals
The recently released SME Performance Indicator by MYOB has indicated that the small business sector is declining in terms of economic performance. The tool was designed to provide insights into the economic health of the nation and has shown SMEs to have a +5/-5 deviation from GDP.
Australia’s economy ‘below long-term trends’ in 2025, experts predict
Australia faces the prospect of an economy performing below long-term trends through early 2025 based on leading indicators.
Business conditions ease amid slow growth
Business conditions in Australia eased in the second quarter of 2024, as slow economic growth and weak consumer demand impacted trading conditions and profitability, according to fresh NAB insights.
Australian economic outlook
The Australian economy staggered into 2024, edging close to recession with just 0.1 percent growth over the quarter.
Sustainability remains an important value, despite cost-of-living pressures
It’s been a tough few years for shoppers and retailers alike. But while pricing and promotions continue to be an influential factor in consumer spending behaviour, there’s a growing segment of values-driven shoppers that are increasingly contemplating the social and environmental impact of their purchases.
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