NAB’s business index has jumped from -14 to -2 index points, the company’s monthly business and economic outlook survey has revealed.
According to the index, confidence also increased, up six points to +4 index points.
The June index suggests that improved confidence has now been reflected in better business outcomes.
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“Business conditions appear to have rebounded to a level roughly similar to that reported prior to the collapse of Lehman Brothers in September 2008 and the near global meltdown in activity that ensued,” the index said.
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