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Australia Business Confidence December 2022

Australia: Business confidence turns less negative in December

The business confidence index produced by National Australia Bank (NAB) rose to minus 0.8 in December from minus 4.2 in November. Consequently, the index remained below the zero-point threshold that signals Australian businesses were mostly pessimistic regarding economic conditions going forward.

Sentiment improved across most industries, except for transport and utilities.

On the flip side, business conditions weakened in December.

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