Oct 16, 2001, 12:01 AM
News Code: 9032083
0 Persons
survey :quarter September in robust still economy Australian business to blow a Despite -- Pulse-IRNA Asia 16, Oct Sydney, the and .S.U the in attacks terrorist the by delivered confidence in robust remained economy Australian the Airlines, Ansett of collapse .found has survey a quarter, September the for conditions business on assessment Bank Australia National The in attacks terrorist the to prior that showed quarter September the robust some record to set looked economy Australian the ,.S.U the .growth to rose quarter September the for index conditions business The the in improvement strong with quarter June the in 14 minus from one GDP solid a to pointing sectors recreational and retail construction, .result the of end the at conditions business of level overall The" the in reading the from different much not was month September Alan economist chief Bank Australia National said "survey, quarterly .Oster still will reading GDP quarter September the that suggests That" ".robust quite be had Ansett of collapse the and attacks terrorist the both However, .businesses of confidence the on impact major a the of whole the over rising index confidence the Despite in record on decline monthly largest its recorded it quarter September .period the of month last the weaker a to lead also has economy global slower the and Confidence in decline This .orders forward in decline a and sector export forward going economy the for outlook upbeat the that means confidence .moderated been has the in reported orders forward and confidence in decline The" orders export and exports in decline the with together survey, monthly in slowdown a herald only can survey quarterly the in evident already .said Oster Mr "expectations, previous to relative conditions domestic this in indicators forward of strength the context, that in And," ".realized be to unlikely are survey quarterly the for forecast GDP Australian its revised had it that said NAB .previously percent 75.3 from percent 5.2 to year financial 02/2001 from percent 75.2 to forecast GDP 2002 its revised also has NAB .percent 75.3 that suggests still result the reduction, marked this Despite over economies global performing better the of one be will Australia 75.1 just by grow to forecast is economy .S.U The .months 12 next the .period 2002 the over percent Australian the slowdown, economic expected the of result a As .pressure under come also to expected was market labor a to point clearly would percent 5.2 around to slowing Growth" .noted survey the "market, labor the in slowing fundamental 25.7 to rise to expected be could scenario this in Unemployment" ".percent showed and week last released was September for data Employment in percent 8.6 from percent 7.6 at was rate unemployment the that .August the with coupled costs, labour moderate more of expectation The from back move rate inflation the see to likely is economy, slowing by band the of middle the to band target percent 2-3 its of top the .said NAB 2002, cuts of points basis 25 another forecasting was it that added NAB .year the of end the by percent 25.4 to rate interest domestic the in the in returning of signs shows growth if that added bank The expected is Australia of Bank Reserve the then year the of half second will and 2002 of quarter third the in cycle tightening its begin to .points basis 75-100 least at involve SS/AH End