Economic Buzz: Australias Business Conditions Weaken

Australias business conditions weakened in March from record highs, survey data from National Australia Bank showed Tuesday. The business conditions index fell to +14 in March from 20 from February. NAB group chief economist Alan Oster observed that the measures of conditions were still equal to or above their long run averages for every industry sector, according to media reports. The business confidence index came in at 7 in March, down from 9 in February.