The latest NAB business survey released yesterday showed that business confidence rose six points to plus-four for the month of June. This was the best outcome since December 2007. It also revealed a massive 12-point rise in the rating of business conditions. While it’s still just in negative territory at minus two, this was a great indicator of economic improvement. The profitability reading was the best in 12 months and the employment number was the biggest improvement in 12 years!
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