Business confidence lifts after budget

15 June 2015

 

Both business confidence and business conditions saw significant improvement according to the NAB monthly survey. Business confidence rose from 3 points to 7 points in May, largely because of the budget and RBA rate cut. "Confidence appears to have received a boost from interest rate cuts, better conditions and perhaps some relief over a more politically sell-able budget compared to last year," NAB’s Alan Oster said. Business conditions were also up in...

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