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Old 02-14-2017, 02:50 AM
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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.

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