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- National Australia Bank’s business confidence index remains unchanged at 3 points in February
National Australia Bank’s business confidence index remains unchanged at 3 points in February
The National Australia Bank (NAB) released its business confidence index for Australia on Tuesday. The index remained unchanged at 3 points in February. January's figure was revised up from 2 points.
"Another above-average outcome for business conditions is a great result in the current global environment. It confirms that low interest rates and a more competitive AUD are clearly having the desired effect," NAB Group Chief Economist Alan Oster said.
The main business conditions index increased to 8 points in February from 5 points in January, while employment rose to 1 points from -1 points.
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