Businesses and their conditions have shown a positive move with a rise of two index points to plus two points last month according to the business survey of the National Australia Bank. However, employment remains a problem.

"Profitability deteriorated in the month, while employment and trading conditions were unchanged. Labor market conditions remain soft and the overall outlook for near-term activity remains moderate," said the NAB.

Though there had been a deteriorating performance in the wholesale, transport and utilities, and construction sectors, mining, recreation, manufacturing, and personal services performed well.

While gains in Victoria and Queensland were noted, South Australia and Tasmania recorded falls.

According to the NAB economists, there seen is a moderate recovery for America. But the different story is happening in the global scene.

"The euro zone appears to have entered recession, while emerging economies continue to show signs of slowing," said NAB.

"We continue to see global growth softening to around three per cent in 2012, a below-trend outcome highly dependent on the emerging economies as the OECD (Organisation of Economic Co-operation and Development) faces a long period of modest growth," the National Australia Bank added.

In February, RBA kept on hold the NAB’s cash rate forecast, and so the latter changed its cash rate forecast as a result.

"Thereafter, we see the cash rate unchanged until mid-2013 when rates will be under upward pressure from wages and a strengthening labour market," said NAB.

This positive movement of the businesses in Australia shows that there is a need for every small business to keep up with the competition. There is a need to utilize Australia accounting software like Shoebooks. This accounting software for business is being used by many other business entities in the country. Shoebooks small business accounting software is definitely an asset to a business’ success.


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