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Business confidence and business conditions in Australia both increased in October, according to survey results released Tuesday by National Australia Bank.
NAB said business confidence increased 2 points in October to plus-16 while business conditions advanced 9 points to plus-12.
NAB said all three components of its business conditions index were higher in October, with business profits up 9 points to plus-13, employment up 8 points to plus-7 and trading up 7 points to plus 15.
October marked the first move into positive index territory for the employment component since August 2008.
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