Australian Business Conditions Lift in December Driven by Retail
Australian business conditions — which measure jobs, sales and profitability — advanced in December, driven by the retail sector as consumer spending picked up while price pressures eased.
A National Australia Bank Ltd. survey showed Tuesday that conditions climbed 3 points to +6, reversing declines from the prior month and almost returning to its long-run average. The gains were led by a 'notable uplift' in retail which re-entered positive territory for the first time since November 2023.
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