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Australia September Business Confidence, Conditions Decline - NAB

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Business confidence and business conditions in Australia both declined in September, according to survey results from National Australia Bank.

NAB reported Tuesday that its business confidence index declined 4.0 points to plus-14 in August while business conditions declined 1.0 point to plus-3.0.

Despite the decrease, business confidence rose for a fourth straight month.

NAB said poor performances in the retail and manufacturing sectors pulled the overall index down. Manufacturing confidence fell 11 points and confidence in the retail sector was down 6 points from August.

The employment index improved 10 points on month to minus-1.0.

(Market News Provided by RTTNews)

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