Reported 2 days ago
Australia’s business confidence sharply declined in November, with conditions measuring jobs, sales, and profitability showing further weakening, indicating significant pressure on the private sector. A National Australia Bank survey revealed a drop in business confidence to -3 points and a decrease in conditions to 2 points. The report coincides with expectations that the Reserve Bank will maintain interest rates at a 13-year high, exacerbating concerns over ongoing weak economic growth.
Source: YAHOO