Australia: Business confidence weakens but remains strongly upbeat in March
April 19, 2021
The business confidence index produced by National Australia Bank (NAB) dropped to 15.5 points in March from 17.8 points in February. Nevertheless, the index remained comfortably above the zero-point threshold that signals that Australian businesses are mostly optimistic regarding economic conditions going forward.
Moreover, business conditions strengthened considerably in March, recording the best reading in the survey’s history.