Busi­ness con­di­tions hit high­est level in 20 years

The Daily Telegraph (Sydney) - - DT/TV -

BUSI­NESS con­di­tions have struck their high­est level in at least 20 years with com­pa­nies seem­ingly turn­ing a blind eye to Can­berra’s cit­i­zen­ship cri­sis.

The Na­tional Aus­tralia Bank monthly busi­ness sur­vey — which has been run­ning since 1997 — also shows con­fi­dence hold­ing above its lon­grun av­er­age, while its em­ploy­ment in­dex con­tin­ues to im­ply solid jobs growth.

“(This) should be suf­fi­cient to put more down­ward pres­sure on the un­em­ploy­ment rate,” NAB chief econ­o­mist Alan Oster said.

The Turn­bull gov­ern­ment will be hop­ing for an­other pos­i­tive labour force re­port on Thurs­day to at least tem­po­rar­ily shift fo­cus from the cit­i­zen­ship fi­asco that has dented its sup­port in opin­ion polls.

In­de­pen­dent Tas­ma­nian sen­a­tor Jac­qui Lam­bie quit Par­lia­ment yes­ter­day af­ter con­firm­ing she is a dual ci­ti­zen.

Six sen­a­tors and two MPs have so far been caught out over their cit­i­zen­ship sta­tus.

The rise in busi­ness con­di­tions fea­tured a strength­en­ing in the man­u­fac­tur­ing and per­sonal ser­vices sec­tors, as well an im­prove­ment in re­tail­ing from a weak po­si­tion.

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