Reported 13 days ago
Australian business confidence soared to its highest level in nearly two years in October, driven by resilient sales and eased input costs, according to a National Australia Bank survey. The business conditions index remained at +7, while the confidence index rose by 7 points to +5, marking significant improvement. Despite some dips in employment intentions, the overall results indicate a positive shift in sentiment, coinciding with a rise in consumer confidence and expectations of lower borrowing costs.
Source: YAHOO