Growth

Business confidence smashed

by Staff Reporter•Friday, 13 Feb 2009•7 minute read

Deteriorating economic conditions have seen business confidence fall to an all time low.

According to NAB’s December quarter business survey released yesterday, businesses’ confidence levels dropped to -31 points, the lowest level since the survey began in 1989.

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Lack of demand was seen as the biggest constraint to business, the bank said.

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Business confidence smashed

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