Australia Business Conditions Index Climbs To 4 - NAB

An index measuring business conditions in Australia came in with a score of 4 in December, the latest survey from NAB revealed on Tuesday - touching a two-and-a-half-year high.

The December reading was up sharply from -3 in November,

The index for business confidence came in at 6, which was unchanged from the previous month following an upward revision from 5.

"Business conditions recorded a surprising jump to a more than two-and-a-half-year high in December - cementing the upward trend seen over recent months - supported by the low interest rate environment, higher asset prices and less elevated Australian dollar," NAB said in a statement.

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