Australia: Business confidence improves in August
September 14, 2021
The business confidence index produced by National Australia Bank (NAB) improved to minus 5.3 points in August from minus 7.3 points in July, which had marked the lowest reading since July 2020. Therefore, the index remained entrenched below the zero-point threshold that signals Australian businesses turned mostly pessimistic regarding economic conditions going forward.
Meanwhile, business conditions strengthened in August.