Australia: Business confidence at record high in April
May 20, 2021
The business confidence index produced by National Australia Bank (NAB) jumped to 26.0 points in April from 16.7 points in March, marking a record-high reading. Therefore, the index moved further above the zero-point threshold that signals that Australian businesses are mostly optimistic regarding economic conditions going forward.
Moreover, business conditions strengthened considerably in April, recording the best reading in the survey’s history.