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.

LISTEN ABOVE

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.
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

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

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/e8aef375-fb8c-471a-9147-b4640082582b/transcript