($MACRO) Australian business confidence nosedived in August as global markets trembled amid concerns of contagion flowing from Europe and the U.S., raising the prospect of a further rises in unemployment in coming months.
According to National Australia Bank's monthly business survey, business confidence fell 10 points to -8 points in August from July, with significant falls being posted by a range of industry groups. Business conditions edged lower by 2 points to -3 points in the same period, it said. -MarketWatch
According to National Australia Bank's monthly business survey, business confidence fell 10 points to -8 points in August from July, with significant falls being posted by a range of industry groups. Business conditions edged lower by 2 points to -3 points in the same period, it said. -MarketWatch
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