Business survey shows reduced confidence but hopeful conditions

The NAB Business Survey, one of the four pieces of economic data which that Reserve Bank of Australia (RBA) has said it would pour over before deciding on a possible pause on interest rate rises, has been released.

The latest NAB Business Survey reveals that business conditions remain strong. Credit: AAP

Key Points

• While it showed confidence is sliding, conditions are still strong, like profitability and employment outcomes.
• According to the NAB survey, business confidence in February was down, especially among small businesses.
• But experts say Australian businesses are doing better than most.

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