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10.05.2021 13:59

Australia business conditions, confidence reach record high - NAB

RTTNews reports that survey results from National Australia Bank showed that Australia's business conditions and confidence reached record levels in April.

The business conditions index rose to a fresh record high of 32 in April from 24 in March. Trading conditions rose 5 points to +40 in April, profitability was up 8 points to +33, and employment rose 7 points to +22 index points. Each component was the highest on record.

The business confidence also set a new record high of 26 points versus 17 in the previous month, indicating that conditions will remain strong in the near term.

Confidence improved in all industries, led by a pickup in retail. In trend terms, mining, construction and finance, business and property were most optimistic, while retail and wholesale were the least confident - but still healthy, the survey showed.


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Forex is open 24 hours a day, 5 days a week (except national holidays), and it can be broken up to the following four regional markets: Australia and Oceania, Asia, Europe, and America. A Forex trading session opens at 23:00 GMT on Sunday in Japan and closes at 22:00 GMT on Friday in the USA.

 
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Pacific Wellington 19:00 04:00 22:00 07:00 22:00 07:00
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Sydney 21:00 06:00 00:00 09:00 00:00 09:00
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Asian Tokyo 23:00 08:00 02:00 11:00 02:00 11:00
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Hong Kong, Singapore 00:00 09:00 03:00 12:00 03:00 12:00
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European Frankfurt, Zurich, Paris 06:00 15:00 09:00 18:00 9:00 18:00
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London 07:00 16:00 10:00 19:00 10:00 19:00
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Chicago 13:00 22:00 16:00 01:00 16:00 01:00