NAB’s September survey showed business confidence falling four points to −13, its third consecutive monthly decline. Business conditions held at −1 and capacity utilisation was 82.3%. NAB released the figures on 13 October, citing high rates, global uncertainty and fuel costs.
Retail businesses remain sensitive to changes in fuel prices, as higher energy and transportation costs can increase operating expenses and put pressure on consumer spending. Investors are monitoring fuel-price movements for their potential impact on Retail SalesRetail Sales refers to an economic measure of spending at retail businesses and an important gauge of consumer demand. The term belongs in Level 7 because it helps connect macro...Read More, business profitability and broader economic activity.