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Australia's NAB Business Confidence ticked down from 1 to 0 in February. Business Conditions rose from 7 to 10. Trading conditions rose form 9 to 14. Profitability conditions rose from 6 to 9. Employment conditions rose from 5 to 6.
But confidence and forward orders remain lagging
Spending on Taylor Swift concerts defies pattern of consumers tightening their belts, with CBA predicting a September rate cut
The Australian sharemarket was largely flat but managed to finish Thursday in the green, following a mixed day of trading on Wall Street overnight.
Business confidence dipped as conditions eased, hovering just below their long-term average after two years of above-average performance.