Australia business confidence and conditions edged up in August as spending remained strong and cost indicators eased from the records set in July, survey results from National Australian Bank showed. The business confidence index rose two points to 10 in August from 8 in July. At the same time, the business confidence index improved slightly to 20 from 19 in the previous month. Reinforcing the strong overall conditions, the capacity utilization rate remained at 86.3 percent, and the near term outlook was also positive with forward orders rising.Powered by Commodity Insights
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