Australia: Sentiment recovers as businesses look beyond January floods
March 8, 2011
The business sentiment index published by the National Australian Bank (NAB) picked up in February, rising to 14 points from 4 points in January. The February increase represents a recovery compared to the previous month result, which was depressed by the January flooding in the states of Queensland and Victoria. Sentiment moved well above the 0-threshold that separates positive from negative sentiment and is now at the highest level since March 2010. Business confidence recovered in most of the sectors covered by the survey, with the notable exception of mining, transports and utilities.
Author: Armando Ciccarelli, Head of Data Solutions