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NAB says conditions and confidence in Australian economy still negative – NEWS.com.au
NAB says conditions and confidence in Australian economy still negative
Business conditions have gone backwards for the month of August as ongoing lockdowns in Victoria smother the prospect of Australias economic snapback. Latest figures from National Australia Bank’s monthly business survey shows conditions in August had slipped, reversing the gains experienced in the previous month.
Business conditions fell six points to an index position of negative six, which has been fuelled by a large fall in the bank’s employment index.
NAB chief economist Alan Oster said t…
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