From creditorwatch.com.au: The NAB quarterly survey indicates that 34% of firms still report labour availability as a significant constraint, suggesting a stable job market that may reduce the need for aggressive interest rate cuts by the RBA. Inflation rates are projected to align with the RBA’s target, allowing for a potential 25bps rate reduction in mid-February.

Despite some industries experiencing weaker conditions, overall business expectations for the next 12 months have improved.