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NAB business confidence: Sentiment recovers as business embraces Malcolm Turnbull

From smh.com.au

Business confidence recovered in September from its worst reading in two years, according to the latest National Australia Bank survey, as industry captains welcomed Malcolm Turnbull's replacement of Tony Abbott as Prime Minister and global market upheaval subsided. NAB said on Tuesday that its main business confidence index jumped from 1 point in August - its lowest level since mid-2013 - to 5 points in September. The results, gleaned from a survey of about 400 companies in the last week of September, suggests business support for Mr Turnbull, and relief at the end of leadership uncertainty within the Liberal Party. ... (full story)

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