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Aus. business sentiment hits 2-year low in Aug.

09-14-2011 09:35 BJT

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Australian business sentiment slid to its lowest level in over two years in August. According to the National Australia Bank's monthly survey, business confidence fell 10 points to minus 8 in August.

The NAB attributes that to concerns over the potential impact of global market volatility. In contrast, the bank's measure of business conditions dipped a relatively modest 2 points, to -3 in the month.

Aerial view of Sydney Cove and Opera House. The Botanic Gardens are to the left of the
Opera House and to the right Sydney Central Business District.Photo: Courtesy Tourism
New South Wales

Editor:Li Wanran |Source: CNTV.CN

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