Cost, Inflation Pressures Building up Again for Australian Companies
Dow Jones
Sep 07
2325 GMT - Cost and inflation pressures for Australian companies have accelerated again and are, in many cases, broadening, says Morgan Stanley. It cites an analysis of transcripts from the August reporting season. Rising mentions of inflation, cost pressures and price increases provide "bottom-up evidence to support the need to raise interest rates," the bank says. Mentions of artificial intelligence also accelerated again, it says. "A slowing of conditions is implied in outlooks whilst AI remains a productivity call out linked to both cost and revenue focus," MS says. ASX futures are little changed ahead of Monday's open.
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