results from latest NAB monthly business survey:
“The business sector is an important part of our economic outlook. For now we expect business investment to still provide support to the economy over the next few years with a bit of extra support from infrastructure spill-overs and possibly even some new mining investment. The business survey is consistent with ongoing growth in the sector.
Business conditions rose by 4 pts to +7 index points in January, driven by an increase in trading, profitability and employment . Confidence rose in the month.
Forward orders improved and is now marginally above average level in the month, which is more promising for future activity.