Australian business conditions to post a solid improvement in June - ANZ

Analysts at Australia and New Zealand Banking Group (ANZ), provide key insights into the National Australia Bank (NAB) Business survey for Australia that will be reported tomorrow at 0130 GMT. The survey will include results for both business conditions and confidence.

Key Quotes:

“We think Australian business conditions should post a solid improvement in June. The decline in May was somewhat disappointing, but strength in other business surveys suggests that sentiment remains elevated.

The details of the report, including capacity utilization and business profits, continue to be a point of interest, given their current positive signals for the labor market.”