1 Updates
Australian business confidence improves
Photo Credit: ROSLAN RAHMAN, Getty Images

Australian business confidence improves

Feb 12 2013, 2:28am CST | by

Sydney, Feb 12 (IANS) Australian business confidence was broadly steady in January after recovering strongly in December from very poor levels, a private survey released on Tuesday by National Australia Bank (NAB) showed.

Sydney, Feb 12 — Australian business confidence was broadly steady in January after recovering strongly in December from very poor levels, a private survey released on Tuesday by National Australia...

Filed under: news

Full Story below YouTube Videos

 
 

 

1 year ago

Australian business confidence improves

Feb 12 2013, 2:28am CST | by

Sydney, Feb 12 (IANS) Australian business confidence was broadly steady in January after recovering strongly in December from very poor levels, a private survey released on Tuesday by National Australia Bank (NAB) showed.

Sydney, Feb 12 — Australian business confidence was broadly steady in January after recovering strongly in December from very poor levels, a private survey released on Tuesday by National Australia Bank (NAB) showed.

NAB's monthly business survey showed business confidence rose one point to an index level of plus three points in January, reported Xinhua.

However, business condition remained in negative territory in the month despite improving three index points to minus two.

The bank said the confidence recovery was mainly helped by the rally in global equity markets and generally better activity in China, as well as recent rate cuts from the Reserve Bank of Australia (RBA).

"However confidence remains below long-run average levels," NAB said in its report.

"Business conditions were generally better across interest sensitive industries in January, but fell heavily in mining."

NAB says it still sees the need for the RBA to cut the cash rate by 75 basis points in 2013.

IANS

Source: IANS

 

Don't miss ...

 

<a href="/latest_stories/all/all/8" rel="author">Luigi Lugmayr</a>
Luigi is the founding Chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.

 

blog comments powered by Disqus

Latest stories

Lucintel Profiles Top Global Home Care Products Manufacturing Companies
The global home care products industry, which has experienced good progress in recent years, expected to carry on with its growth momentum for the near term. The market is expected to reach $146 billion in annual revenue within the next five years.
 
 
Keyideas Celebrates 5 Years of Successful Web Application Development
Attaining five years of success for a software development company in India or elsewhere is quite an accomplishment, Keyideas leaders point out.
 
 
GL Announces Enhanced UMTS IuCS and IuH with Iu-UP Protocol Support
Gaithersburg, MD, April 16, 2014 --(PR.com)-- GL Communications Inc., announced today the release of enhanced MAPS™ UMTS IuCS and IuH Interface Emulator with Iu-UP protocol layer of the Radio Network that is...
 
 
Connecticut Real Estate Investors Association (CT REIA) Announces April 2014 Real Estate Investing Seminar with REO Expert Sue Nelson
On April 21, 2014 the Connecticut Real Estate Investors Association (CT REIA) will be hosting its monthly meeting with Sue Nelson in Meriden, CT. Attendees will learn how to buy notes and real estate directly from banks.
 
 
 

Latest from the Network

Jamie Foxx: Being 'fly' is costly
Jamie Foxx says being "fly" is too expensive. 'The Amazing Spider-Man 2' star has had a varied career since rising to fame over twenty years ago, and although he's a multi-millionaire he confesses living up to the...
Read more on Celebrity Balla
 
Goodbye And Good Riddance, Alibaba?
A survey by the Asian Corporate Governance Association, a corporate governance group whose members manage more than $14 trillion of assets, has found little support for changes in Hong Kong listing rules that would...
Read more on Business Balla
 
What Free Agents? Melo's Not Going Anywhere, Nor Are LeBron, Wade, Dirk...
This isn’t what the wretched of the NBA expected after slashing payrolls and trading front-line players for No. 1 picks. If the 2014 draft class wasn’t all it was supposed to be, there may barely be a 2014 free agent...
Read more on Business Balla
 
The 9 Best Jobs In Africa Don't Exist Yet
Sixty percent of the best jobs in the next 10 years haven’t been invented yet. At least that’s what futurologist Thomas Frey is fond of saying. This is great news because lots of good, new jobs will be needed in order...
Read more on Business Balla
 
The College Degrees And Skills Employers Most Want
The hiring picture is improving for the college class of 2014. According to a new survey by the National Association of Colleges and Employers (NACE), employers are planning to hire 8.6% more graduates for their U.S....
Read more on Business Balla
 
Do You Have The 'Stickability' To Be A Successful Entrepreneur?
It’s no secret that successful entrepreneurs have something special that sets them apart from just the dabblers and hobbyists, but exactly what is it that’s different? Every business venture runs into obstacles,...
Read more on Business Balla
 
The Masters Post Mortem And Prognosis Without Tiger Woods
null Before the Masters, I suggested the leaders of golf carefully examine this 2014 event without Tiger Woods. It would be a forecast of the future of golf without him, which is, of course, inevitable. The examination...
Read more on Business Balla
 
'X-Men: Days Of Future Past' Gets One Last Trailer
I suppose I should have seen this coming. I spent the last three months praising the relative restraint of the X-Men: Days of Future Past marketing campaign. Up until three weeks ago, we had only seen a single trailer,...
Read more on Business Balla
 
 
Auto Balla Sexy Balla Sport Balla TV Balla Politics Balla Movie Balla Apple Balla Business Balla Ad Balla Celebrity Balla