Australia Business Confidence Improves- NAB 11-Feb-2014

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Australian business confidence rose in January, the first improvement in four months, while business conditions edged closer to a three-year high, a monthly business survey by National Australia Bank showed Tuesday.

NAB’s business conditions index rose to +4 in January from +3 in December, while its business confidence index climbed to +8 from +6.

The survey suggests record low interest rates and a 14% fall in the Australian dollar last year have improved the economic outlook after a slowdown caused by the end of a decade long mining investment boom.

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