India, May 13 -- Australia business confidence improved in April, while conditions deteriorated due to weaker profitability, survey results from NAB showed on Tuesday.
The business confidence index rose to -1 in April from -3 in March but remained negative.
Confidence by industry was mixed, with a significant increase in confidence in manufacturing and smaller increases in wholesale, construction, and finance, property and business services.
The business conditions index dropped to 2 from 3 a month ago. The fall was driven by a 4 point drop in profitability. Trading conditions eased slightly by one point and employment intentions was steady at 4.
By industry, conditions fell significantly in mining and transport and utilities.
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