Australia NAB Quarterly Business Confidence dropped to -15 in Q2, down from Q1’s -12. Current Business Conditions dropped to -26, down from -3. That’s also the lowest reading since early 1990s. Conditions for next three months dropped to -22, down from -4. Conditions for the next 12 months dropped to -18, down form 7. Next 12 months capex plan also dropped to -8, down from 17.
