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Australia business conditions sink further, confidence lifts off the floor
A measure of Australian business conditions slid deeper into negative territory in April as sales, profit and employment suffered from coronavirus-induced lockdown, though confidence did bounce somewhat after a record slide in the prior month. image National Australia Bank’s (NAB.AX) index of business conditions sank to -34 last month, from an already dismal -22 in March. That was far below the long-run average of +6 and worse than during the global financial crisis. The survey’s measure of business confidence did manage to pick up slightly to -46, from March’s -66, but again remains well below the long-run ... (full story)