Australian business conditions eased in April, while confidence stayed negative despite an improvement, according to a survey by the National Australia Bank (NAB) published Tuesday.
The NAB business confidence index ticked up 1 point to negative one index point. The manufacturing sector showed a significant improvement in confidence levels, while wholesale, construction, finance, and property and business services showed small increases.
The NAB business conditions index eased 2 points to 2 index points on weaker profitability. The mining and transport and utilities sectors saw significant declines in business conditions, reversing their improvement in March, per the report.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.