The Australian Industry Group (AIG) survey of manufacturing also reported improved conditions, particularly for firms exposed to the housing sector, while in contrast, export - oriented manufacturing firms reported
relatively weak conditions.
Not exact matches
The
relatively fixed exchange rate remained a
weak point in the monetary control process, as attempts by the Reserve Bank to change monetary
conditions were significantly offset by private capital flows.
This contrast between the
relatively weak picture in the quarterly national accounts and the strong
conditions suggested by most other indicators is somewhat unusual.
Farm income declined in the fourth quarter and credit
conditions remained
relatively weak, but farm real estate continued to provide support for the District's agricultural economy.
Mohamed Ali Beyhum, executive general manager of BankMed, a leading bank in Lebanon, says: «Despite a
relatively weak year for global economic
conditions and another discouraging performance for the global investment banking industry, which saw revenues fall to a three - year low, 2012 proved to be a
relatively healthy year for the Middle East investment banking industry.»
Given the present
condition of the U.S. economy, which is creating many more jobs than are lost due to changing technology and international competition, protectionist voices should be
relatively weak.
Relatively attractive valuations, ongoing easy monetary
conditions and
weaker currencies versus the greenback should support stocks in the eurozone and Japan.