SYDNEY - A closely-watched measure of Australian business conditions showed activity weakened into the end of 2019, as confidence slipped to its lowest since mid-2013 even before the full impact of raging bushfires made itself felt.
The survey’s volatile measure of business confidence fell 2 points to -2, with sales and profitability both deteriorating. The one bright spot was the index of employment, which held at +4 in December, mirroring official data on jobs that have topped expectations in the past couple of months. The fires grew steadily through the month, hurting tourism and consumer sentiment at the peak of the holiday period.
Climate change will do that.
Yes because who knows if the continent will even be livable in a decade. Very sad.
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Source: Reuters - 🏆 2. / 97 Read more »