Reflecting the slowdown in the economy, Australia's business conditions weakened for a third month in a row in December and are likely to ease further, while sentiment logged a moderate improvement, survey results from the National Australia Bank showed Tuesday.
The NAB business conditions index fell eight points to 12 in December. However, the indicator remained well above the average, reflecting the extraordinary strength seen in early-to-mid 2022.
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by Renju Jaya
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