Australian business confidence rose to its highest levels in almost two years in July.
According to a monthly survey by National Australia Bank released Tuesday, overall business conditions also firmed in July, consolidating recent higher levels.
NAB's business confidence index rose 6 points in July from June to +10 points, the highest reading since August 2007 and approaching long run average levels.NAB's business conditions index rose 3 points in July from June, to +1 point.