- Analytics
- News and Tools
- Market News
- Australia business conditions, confidence reach record high - NAB
Australia business conditions, confidence reach record high - NAB
RTTNews reports that survey results from National Australia Bank showed that Australia's business conditions and confidence reached record levels in April.
The business conditions index rose to a fresh record high of 32 in April from 24 in March. Trading conditions rose 5 points to +40 in April, profitability was up 8 points to +33, and employment rose 7 points to +22 index points. Each component was the highest on record.
The business confidence also set a new record high of 26 points versus 17 in the previous month, indicating that conditions will remain strong in the near term.
Confidence improved in all industries, led by a pickup in retail. In trend terms, mining, construction and finance, business and property were most optimistic, while retail and wholesale were the least confident - but still healthy, the survey showed.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
