Reported about 6 hours ago
A recent survey revealed that Australian business confidence rose to its highest level in three years, driven by strong performance in services and construction, even as rising costs impact retail prices. The National Australia Bank's index climbed to +7 in July from +5 in June, with business conditions remaining solid at +5. Expectations for lower borrowing costs may have bolstered confidence; however, rising unemployment and inflationary pressures pose challenges for the economy.
Source: YAHOO