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Australia NAB Business Conditions Rise Marginally; Sentiment Weakens

Australia's business conditions improved marginally in February, while business sentiment deteriorated taking the index back into negative territory, survey data from the National Australia Bank showed on Tuesday.

The business conditions index rose marginally to 4 in February from 3 in January. Meanwhile, the business confidence index declined 6 points to -1, largely reversing the improvement seen in January.

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by Renju Jaya

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