Busi­ness in­dex hits a new high

Mercury (Hobart) - - BUSINESS -

AUS­TRALIAN busi­nesses are en­joy­ing the most favourable con­di­tions in at least 20 years, ac­cord­ing to Na­tional Aus­tralia Bank’s in­dex of busi­ness con­di­tions.

But a pull­back is pos­si­ble as lead­ing in­di­ca­tors soften and con­fi­dence lev­els lag, ac­cord­ing to NAB chief econ­o­mist Alan Oster.

The NAB in­dex of busi­ness con­di­tions clocked in at 21.1 points for Oc­to­ber — the high­est since the monthly series started, and about four times the long-term av­er­age.

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