NAB business survey shrugs off political chaos

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Perhaps it is used to it:

How confident are businesses? The business confidence index fell 3pts to +4 index points in August and is now a little below its long-run average.

• How did business conditions fare? The business conditions index rose 2pts to +15 index points (from an upwardly revised +13pts).

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.