No real momentum for Australian economy

GMT 06:55 2015 Tuesday ,27 January

Arab Today, arab today No real momentum for Australian economy

Business conditions in Australia
Sydney - XINHUA

Business conditions in Australia were lower for the second month in a row in December while confidence edged slightly higher, according to National Australia Bank's (NAB) monthly business survey, released on Tuesday.
NAB said business conditions fell by 1 point in December to 4 index points and the survey "again shows a patchwork economy with little-to-no momentum building."
A downward trend in construction and mining industries was evident and the bank is now forecasting unemployment to peak at 6. 6 percent in the last quarter of 2015, up from the current official rate of 6.2 percent.
Business confidence improved slightly, but was still below long- run average, as falls in commodity prices magnify declines in confidence in the mining industry.


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بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
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