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Australian Business Confidence Improved in March, Says NAB
Tuesday, 14 April 2009 03:24:38 GMT
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In Australia, NAB Business Confidence rose for the second consecutive month to print at -13 in March from -22 in the previous period. NAB chief economist Alan Oster remained cautious, saying, “While an element of fear appears to be abating, the index is still quite low [and] points to falling demand in the first quarter.” The measure is based on a survey of around 350 small- to medium-sized firms, with a negative reading showing pessimists continue to outnumber optimists among respondents.
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