Australian business activity slows in January as cost pressures reach post-pandemic lows
Business activity slowed in January as sales dipped while cost pressures hit post-pandemic lows. The data suggests inflation may cool despite recent rate hikes.
Insights:
The January business survey released today by National Australia Bank Limited indicates that labour and input costs, along with price growth, have fallen to post-pandemic lows. These easing cost and price measures are indicators of weaker inflationary pressure across Australia 
AU and are relevant to monetary policy considerations.
AU and are relevant to monetary policy considerations.
