Reported 22 days ago
A survey indicates that Australian business activity significantly rebounded in June, with firms reporting increased sales and profitability, attributed to lower borrowing costs and easing inflation. The National Australia Bank's index for business conditions rose from zero in May to +9, surpassing the long-term average. While the overall economic outlook remains cautious, the rising confidence and improved conditions in sectors like manufacturing and retail are seen as positive signs.
Source: YAHOO