Economics
Australian Business Confidence Jumps to Highest Since Mid-2019
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Australian business confidence surged to the highest level since May 2019 as firms took heart from declining Covid infections and the southeastern state of Victoria emerged from one of the world’s strictest lockdowns.
Sentiment climbed to 5 points in October from -4 a month earlier, National Australia Bank Ltd. said Tuesday in a statement. The conditions index -- which measures hiring, sales and profits -- edged up to 1 from zero in September.