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Canberra (ANTARA News/Asia Pulse) - Australia's business conditions in the last three months of 2009 were the best since the March quarter of 2008, new data released on Tuesday showed.

The Commonwealth Bank - Australian Chamber of Commerce and Industry (ACCI) business expectations survey showed its general business conditions index was 56.0 in the December quarter, up from 49.4 in the previous three months.

This was the first time the index had moved above the 50 mark since early 2008, signalling conditions are expanding. "The results in this survey are the most positive for some time," ACCI director of economics and industry policy Greg Evans told reporters in Canberra.


Source:
Business in Asia Today - Feb. 2, 2010
published by Asia Pulse

Editor: Ricka
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