SYDNEY (Reuters) -Australian business activity rebounded sharply in June as firms reported rising sales and profitability, a survey showed on Tuesday, offering hope demand was finally benefiting from lower borrowing costs and cooling inflation. National Australia Bank’s survey showed its index of business conditions climbed to +9 in June, from zero in May, topping the long average of around +6. “While we wouldn’t overplay monthly moves, the uptick in trend conditions is welcome given the softening trend through early 2025,” said NAB’s chief economist, Sally Auld.Read More
