Tough Business Conditions in May Signal More Trouble for Australia’s Economy

Tough Business Conditions in May Signal More Trouble for Australia’s Economy
A food delivery worker waits to cross the street in Melbourne's central business district in Melbourne, Australia, on Sept. 2, 2020. William West/AFP via Getty Images
Alfred Bui
Updated:

The Australian economy is showing obvious signs of a slowdown as local enterprises report declining activities and more challenging business conditions in May, a new report has revealed.

According to the latest business survey by the National Australia Bank (NAB), businesses across industries were running out of work to do, implying a worrying trend for Australia’s economic growth.
Alfred Bui
Alfred Bui
Author
Alfred Bui is an Australian reporter based in Melbourne and focuses on local and business news. He is a former small business owner and has two master’s degrees in business and business law. Contact him at [email protected].
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