The NAB Business Survey for the month of August showed that business confidence is surging. It's risen to it's highest level since Oct 2003. The thing about confidence is that it's emotive and relative. In relation to the end of last year I'm sure businesses are very confident but I find it hard to believe increased confidence levels compared to say 2005/6.
The Business Conditions index however is less about emotion and also returned a very positive result indicating an improvement in trading and profitability - particularly in areas that have benefited from various government stimulus packages.
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