India, Jan. 28 -- Australia's business conditions rebounded in December with retail entering positive territory for the first time since November 2023, a survey from the National Australia Bank showed on Tuesday.
The business conditions index rose three points to +6 and almost returned to the long-run average.
The survey showed a notable uplift in retail conditions which entered positive territory for the first time since November 2023.
NAB Chief Economist Alan Oster said conditions remained strongest in services sectors. The improvement in retail conditions may reflect a pick-up in consumer spending at the end of 2024.
"We will have to wait and see whether this improvement is sustained over 2025," said Oster.
The business confidence i...