Business bounce short-lived as election and rate cut fail to deliver

A flickering increase in business confidence appears to have been extinguished, and corporate Australia continues to lose momentum.Business confidence tumbled back to below average levels in June, despite the end of uncertainty over the federal election, and the RBA's first rate cutWeak forward orders point to an ongoing loss of momentum, although employment conditions picked up in June

"While business conditions increased slightly in the month, they remain well below average after trending lower for over a year now.

What business had a bounce be more specific

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