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.
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