360° Coverage : Australian business confidence improves

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Australian business confidence improves
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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...

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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

 
Update
11

1 week ago

Investor share of housing loans up again

Oct 9 2014 9:20pm CDT | Source: The Australian

THE proportion of housing loans snapped up by investors hit a new high in August, highlighting the difficult task faced by th ...
Source: The Australian   Full article at: The Australian
 

 
Update
10

1 week ago

Investor share of housing loans up again

Oct 9 2014 9:14pm CDT | Source: NEWS.com.au

INVESTORS snapped up nearly half the housing loans approved in August, highlighting RBA concerns over an "unbalanced" mar ...
Source: NEWS.com.au   Full article at: NEWS.com.au
 

 
Update
9

1 week ago

Low rates not driving home building: RBA

Oct 8 2014 9:36pm CDT | Source: NEWS.com.au

AN RBA official says low interest rates are meant to encourage new home construciton but that is not happening at the mome ...
Source: NEWS.com.au   Full article at: NEWS.com.au
 

 
Update
8

1 week ago

RBA Leaves Rates Steady and Aussie Dollar Rallies on Bargain Hunting

Oct 7 2014 3:29am CDT | Source: IBTimes UK

Australian dollar rallied after RBA left policy rates unchanged and stated that growth maintained a moderat ...
Source: IBTimes UK   Full article at: IBTimes UK
 

 
Update
7

1 week ago

RBA's rates decision - full text

Oct 6 2014 10:53pm CDT | Source: NEWS.com.au

THE full text of the RBA's decision on interest rates on Tuesday. The RBA left the cash rate at its historic low of 2.5 per ...
Source: NEWS.com.au   Full article at: NEWS.com.au
 

 
Update
5

1 week ago

Dollar dives as RBA holds steady

Oct 6 2014 10:46pm CDT | Source: The Australian

THE RBA kept interest rates on hold for the 14th month in a row today prompting a plunge in the value of the ...
Source: The Australian   Full article at: The Australian
 

 
Update
4

2 weeks ago

Rates to stay on hold despite falling $A

Oct 6 2014 5:27pm CDT | Source: NEWS.com.au

THE RBA may be pleased with the Australian dollar's recent fall but the cash rate is set to remain unchanged for ...
Source: NEWS.com.au   Full article at: NEWS.com.au
 

 
Update
3

2 weeks ago

Rates to stay on hold despite falling $A

Oct 2 2014 11:30pm CDT | Source: NEWS.com.au

THE RBA may be pleased with the Australian dollar's recent fall but the cash rate is set to remain un ...
Source: NEWS.com.au   Full article at: NEWS.com.au
 

 
Update
2

2 weeks ago

Screws to tighten on home investors

Oct 2 2014 9:00am CDT | Source: The Australian

THE RBA has confirmed a crackdown on lending to property investors but has ruled out moves that would hurt first-home ...
Source: The Australian   Full article at: The Australian
 

 
Update
1

2 weeks ago

RBA urges Increased housing supply

Oct 1 2014 7:05pm CDT | Source: NEWS.com.au

THE RBA says that an emphasis on increasing the supply of housing is needed to slow price inc ...
Source: NEWS.com.au   Full article at: NEWS.com.au
 

 

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<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.

 

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