0243 GMT [Dow Jones] The upward trend in Australian business conditions continues to point to stronger domestic demand growth going forward and is consistent with a gradual improvement in the non-mining sectors of the economy, says ANZ economist Dylan Eades. In addition, measures of firms' profitability and spare capacity improved in October, Eades says. "These components have a strong leading relationship with employment growth and the unemployment rate and are consistent with better labor market conditions," he adds. (james.glynn@wsj.com; Twitter @JamesGlynnWSJ)
(END) Dow Jones Newswires
November 10, 2014 21:43 ET (02:43 GMT)
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