Business confidence softened before floods according to quarterly NAB survey

Summary

Even before the floods in December and January, business confidence was already on the wane, according to the quarterly business survey released by the National Australia Bank on Tuesday. The survey of 900 businesses found there was a drop in the business confidence index from 9 points in the third quarter to 5 points in the fourth quarter, with a decline in profitability, sales and trading being significant factors.

Tags: Australia, Business Conditions, Business Confidence, Dynamic Business, employment outlook, Entrepreneur, Index, Interest Rates