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Australia business conditions steady in May, mood still gloomy

Australian business conditions steadied in May as sales strengthened a little, a ​survey showed on Tuesday, while confidence ‌stayed gloomy as cost pressures squeezed profit margins.

SYDNEY, June 9 (Reuters) – Australian business conditions steadied in May as sales strengthened a little, a ​survey showed on Tuesday, while confidence ‌stayed gloomy as cost pressures squeezed profit margins.
The survey from National Australia Bank … [994 chars]

Source: Reuters | Published: 2026-06-09T01:31:35Z

Credit: Reuters

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