Australia: AiG PMIs, global developments point to a fall in NAB business conditions - ANZ

Analysts at Australia and New Zealand Banking Group (ANZ) are out with their brief take on the upcoming Australian business confidence and conditions data due from the National Australia Bank (NAB) business survey for December at 0030 GMT.

Key Quotes:

“The AiG PMIs and global developments point to a fall in business conditions.

We expect business conditions to drop to a level that is still above the long-run average, with a bigger fall than this of considerable concern.”