More Businesses Lose Confidence in Australia’s Economic Prospects

More Businesses Lose Confidence in Australia’s Economic Prospects
Shoppers visit the Myer Department store in Sydney, Australia, on Dec. 26, 2021. Wendell Teodoro/Getty Images
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Australian business sentiment has turned negative for the first time in the past 12 months as more enterprises feel uncertain about the country’s economic outlook.

According to the latest National Australia Bank (NAB) business survey, the business confidence index dipped from zero to minus four index points in November.
Alfred Bui
Alfred Bui
Author
Alfred Bui is an Australian reporter based in Melbourne and focuses on local and business news. He is a former small business owner and has two master’s degrees in business and business law. Contact him at [email protected].
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