Australian economy to cool further: NAB

09 August 2016

 

Australian businesses are still confident despite external shocks such as the UK’s vote to leave the EU and the uncertainty in the aftermath of the Australian Federal election. In NAB’s latest monthly business survey, the Business Conditions Index moved 3 points lower from a revised June figure of 11 (previously 12) to 8 while the Business Confidence Index fell 1 point to 4 from a revised June figure of 5....

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