NAB report finds the Australian economy on track to reach pre-COVID level

In good news for the Australian economy, Australia’s business activity is almost back to its pre-coronavirus level. That’s according to National Australia Bank Ltd (ASX: NAB) findings in its latest Quarterly Business Survey today. 

The survey reported most industries were experiencing above-average conditions, and companies were confident they would continue to grow. Profitability, trading and employment are all in expansionary territory.

The NAB survey predicted the economy would continue to grow at a healthy rate, despite supports such as JobKeeper winding up. Let’s take a closer look at the survey’s results.

Australian economy…