India, Feb. 6 -- Australia's business conditions remained unchanged in the fourth quarter, while confidence improved moderately, data from the National Australia Bank showed on Thursday.
The business conditions index held steady at 3 in the fourth quarter. Trading and profitability decreased by one point each, while employment remained stable.
At the same time, the business confidence index rose to -4 in the fourth quarter from -7 in the third quarter. Despite the improvement, confidence remained in negative territory.
Leading indicators of the survey were more mixed. Expected business conditions for the coming twelve months and capex plans in the next twelve months improved on prospects of rate cuts, recovering consumer demand and easin...