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Paul Bloxham: HSBC Chief Economist on Australian business confidence rising but staying low

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New data shows Australian business confidence is on the up - but things are still gloomy across the Tasman.

The survey from National Australia Bank showed its index ​of business conditions held at +3 in ​May, ending four months of losses. Confidence ⁠improved modestly to -14, from -23 in April.

HSBC Chief Economist Paul Bloxham explained further.

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