Australian business conditions: Cost and price momentum fades – ANZ

Economists at Australia and New Zealand Banking Group (ANZ) offer their afterthoughts on the Australian NAB’s September Business Survey.

Key quotes

“NAB’s September Business Survey shows fading cost and price pressures, with most cost/price measures at their weakest level since late 2021.”

“While we still consider the RBA November meeting live, this slowdown in cost pressures adds to the likelihood that the RBA will continue with its extended pause.”