Paul Bloxham: HSBC Chief Economist on Australian business confidence rising but staying low
New data shows Australian business confidence is on the up - but things are still gloomy across the Tasman.
The survey from National Australia Bank showed its index of business conditions held at +3 in May, ending four months of losses. Confidence improved modestly to -14, from -23 in April.
HSBC Chief Economist Paul Bloxham explained further.
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