Business conditions and confidence edge down

BUSINESS conditions and confidence edged down in February, with a drop in profits and slump in forward orders.

The monthly business survey by NAB shows that confidence has fallen from 3 to 1, while conditions have eased from -2 to -3.

Trading conditions remained flat at 0, but profitability dropped from -2 to -5.

In a worrying sign, the biggest fall was in forward orders, from -4 to -11, the lowest level since May 2009.

The decline in orders is a sign that business activity is likely to remain subdued over the next few months.

Read more at ABC news online.



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