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Australia business sentiment soars in November as virus restrictions ease

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A measure of Australian business confidence and conditions surged in November to 'above average' as the second-largest state of Victoria emerged from its lengthy virus-induced lockdown and other states opened their borders to each other.

FILE PHOTO: People walk down a city laneway after coronavirus disease restrictions were eased for the state of Victoria, in Melbourne, Australia, October 28, 2020. REUTERS/Sandra Sanders

National Australia Bank’s index of business confidence jumped 9 points in November to +12, clocking its fourth straight monthly gain, while conditions surged 7 points to +9.

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