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NAB: Business Confidence Rises For The First Time In 4 Months
Australian business confidence neared a three-year high last month, and it looks like conditions are finally catching up. Results of NAB’s monthly business survey, released this morning, put conditions up 1 point during the month to 4, while confidence rose 2 points to 8. “Business conditions consolidated the strong pick up in December, reaching an almost 3 year high,” NAB reported. “Overall conditions are still chasing confidence, but are now close to their long run average.” Breaking the index, down there is good and bad news in the sub indices. Trading fell from 12 to 7 while profitability dropped back ... (full story)
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