Business confidence in Australia held firm in February, the latest survey from National Australia Bank revealed on Tuesday with an index score of +3.
That’s unchanged from the January reading.
The index for business conditions climbed to +8 from +5 in the previous month.
“The Australian economy appears to be performing better than many had expected, and this month’s business survey gives no signs that this is wavering,” the bank said in a statement accompanying the data.
“Despite the lift in conditions and some apparent respite in financial markets, business confidence simply held steady at the subdued – albeit positive – levels seen in recent months.”
The material has been provided by InstaForex Company – www.instaforex.com