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April 9th, 2013 
Peter Nolan
Updated
A widely watched survey shows business conditions have slumped to near four-year lows, despite an improvement in confidence.
The National Australia Bank’s Monthly Business Survey shows conditions fell 4 points to -7 last month – that is the lowest level since May 2009, just after the initial wave of the financial crisis reached its zenith.
However, business confidence edged up 1 point to +2, possibly reflecting a flow-on effect from recent rises in consumer sentiment.
More to come.
Topics:
business-economics-and-finance,
company-news,
economic-trends,
money-and-monetary-policy,
australia
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Source Article from http://www.abc.net.au/news/2013-04-09/business-conditions-slump-despite-confidence-rise/4618218
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