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    14.06.2016 08:47 National Australia Bank’s business confidence index falls to 3 points in May

    14.06.2016 08:47

    National Australia Bank’s business confidence index falls to 3 points in May

    The National Australia Bank (NAB) released its business confidence index for Australia on Tuesday. The index fell to 3 points in May from 5 points in April.

    "The Survey is suggesting further improvement for the non-mining sectors going into Q2, with some evidence that growth is becoming more broad-based," NAB Group Chief Economist Alan Oster said.

    The main business conditions index remained unchanged at 10 points in May, while employment declined to 1 point from 4 points.


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