Australia business conditions soften in April: NAB Sunday, May 08, 2011 8:30 PM
SYDNEY (MarketWatch) -- Australian business conditions and confidence softened in April, according to a monthly survey by National Australia Bank. The business conditions component of the survey declined to 5, from a reading of 9 in March, while business confidence fell to 7 from 9, the survey showed. "Overall, it appears that the high Australian dollar is beginning to erode sentiment," the survey said.
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