NAB survey: business conditions good but confidence flagging

08 September 2015

 

Business confidence has eased again according to NAB’s August survey, with the index falling to 1 from its previously recorded figure of +4. As part of the same survey, NAB also measures business conditions and this index rose a strong 5 points to +11. NAB said recent financial market ructions and Chinese growth concerns appear to be unsettling business confidence, although mining and construction recovered some of last month’s sharp...

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