SYDNEY (AFP) – Australian business confidence has surged to its highest level in almost six years as expectations rise that an economic recovery is underway, a monthly survey showed Tuesday. Confidence rose from +10 in July to +18 in August, the highest reading since October 2003, the National Australia Bank (NAB) study found. A positive reading indicates optimists outnumber pessimists among the 405 firms surveyed.
"The further significant improvement in business confidence is quite remarkable," NAB chief economist Alan Oster said.
Emotional Bunny Says: "Does anyone else feel a sudden desire to go to university in economically golden Australia....?"
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