Australia Business Conditions Steady as Sentiment Weakens
Business conditions held steady in February while confidence turned negative. Higher rates weighed on sentiment as investment plans rose to a three-year high.
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Business conditions in Australia maintained their resilience through February, even as corporate sentiment dipped into negative territory for the first time in nearly a year. According to the latest survey from NATIONAL AUSTRALIA BANK LTD, the index for business conditions held steady at +7, remaining consistent with the long-term historical average.
