FILE PHOTO: Construction workers go about their day near scaffolding at a construction site in central Sydney, Australia, September 11, 2018. REUTERS/David Gray
National Australia Bank Ltd’s index of business conditions inched up 1 point to +2 in September, but still recorded a sixth consecutive below-average month. The survey’s volatile measure of business confidence declined to 0. “Rate cuts will help but will lag and with weak consumer and higher global uncertainty, we are unlikely to see a material improvement in the short-term.”
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