cloudfront

Australian Business Confidence Picks Up In January

15 Feb 2013


Immigration News

Australian business confidence picked up modestly in January, according to a non-government survey, in the latest sign an improving world economy and interest rate cuts by the central bank are giving firms a boost.

National Australia Bank's business confidence index rose by one point from December to an index reading of +3 points. A separate index of business conditions--which tracks goods orders, employment and profitability--improved to a reading of minus 2 in January from minus 5 in December, NAB said Tuesday.

The Reserve Bank of Australia left its benchmark cash rate unchanged at 3.0% last week, citing fewer global threats and signs the domestic economy was warming to a recent string of interest-rate cuts. The central bank has slashed interest rates by 1.75 percentage points since November 2011 as it strives to spur non-mining parts of the economy hardest hit by a cooling resources boom that has powered Australian growth for at least a decade.

Source: http://www.marketwatch.com/story/australian-business-confidence-picks-up-in-january-2013-02-11-20485827


QUICK ENQUIRY

  •  I agree to the Privacy Policy
Two Year Canadian Dream One day when I woke ...

Sxxxxx xxxxxL
Canada

CANADA VISA ( FEDERAL ...

Really good service provided on all the steps. ...

Pxxxxx xxxxx
Australia

AUSTRALIAN VISA...

Skills assessment Approved. ...

Sxxxxxxxx xxxxxxxxxxU
Canada

ACS RESULT...

Hi, We have had a pleasant experience with Opulentus. ...

Axxxx xxxxx
Australia

AUSTRALIAN VISA...

Thanks a lot to the whole team for ...

Axxxxxxxx xxxxxE
Australia

AUSTRALIAN VISA...

Hello, The experience overall was very nice.Right from start,I ...

Gxxxxxx xxxL
Australia

AUSTRALIAN VISA...

I am writing to let you know how ...

Pxxxxxxxx xxxxxxI
Australia

AUSTRALIAN VISA...

Appropriate guidance at each and every step. Opulentus ...

Nxxxxxxx xxxxx
Australia

AUSTRALIAN VISA...

Got it within time frame of 5 months ...

Axxxx xxx
Australia

AUSTRALIAN VISA...

Thanks for your valuable and professional support in ...

Sxxxxxxxxx xxxxxxI
Australia

AUSTRALIAN VISA...

View All