portal SEEK. Advertised salaries grew by 4.5% in the year to December, the same as the year to November. (DJN) Australian business conditions continued to cool in December, adding to evidence of a slowdown in the economy in the final months of 2023 that brought with it a marked reduction in inflation pressures, according to the National Australia Bank's monthly survey of business. Still, confidence jumped as retailers reported stronger sales ahead of Christmas, NAB said Tuesday. (DJN) New Zealand's services sector fell back into contraction during December with hiring posting its weakest result since February 2022. The BusinessNZ Performance of Services Index for December was 48.8 points, down 2.3 points from November, and well below the long-term average of 53.4 points for the survey. (DJN) Feedback Loop
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This article is a text version of a Wall Street Journal newsletter published earlier today.
(END) Dow Jones Newswires
01-23-24 0715ET
