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Australian business confidence hits 9-month high in May
Published Tue, Jun 9, 2015 · 09:50 PM
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Sydney
AUSTRALIAN business confidence rebounded to a nine-month high in May as sales and profits improved, likely reflecting the impact of record-low interest rates and a better received government budget, a survey showed on Tuesday.
National Australia Bank's monthly survey of more than 400 firms showed its index of business conditions rose three points to +7 in May, from April when it dipped two points.
Its measur…
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