Australia Business Confidence Picks Up Steam - NAB
Business confidence in Australia gained momentum in January, the latest survey from National Australia Bank revealed on Tuesday with an index score of +10.
That's up from +6 in December, and it marks the highest reading in almost three years.
Business conditions also spiked in January with a reading of +16 - up from +10 and touching an almost 10-year high.
"These outcomes are certainly pointing to an improvement in the domestic economy after a soft patch through much of the second half of 2016," NAB chief economist Alan Oster said.
News are provided byInstaForex.