Business conditions at 8-year high – no rate cuts say NAB

12 April 2016

 

Australian businesses appear to have navigated global uncertainties relatively well with business conditions and confidence levels markedly higher in March, according to NAB’s latest Monthly Business Survey. Its Business Conditions Index rose from 8 to 12, while the Business Confidence Index rose from 3 to 6. Business conditions are now at an 8-year high and back to pre GFC levels. UBS referred to the combination of improved business conditions and...

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