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Aust business conditions remain strong, outlook optimistic: NAB.

Asia Africa Intelligence Wire

| October 15, 2002 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From AAP News)

SYDNEY, Oct 15 AAP - Australian business conditions and confidence were both very strong through the September quarter and the outlook remains upbeat, a new survey has found. The National Australia Bank September quarter business survey found business confidence was still strong and business conditions implied non-farm gross domestic product growth of around five per cent annually. "Looking forward, expectations firmed for business conditions and capital expenditure plans," the survey said. "Despite concerns about the global economy, financial market volatility and geopolitical tensions, business confidence remains at relatively robust levels." As …

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