(RTTNews) - An index measuring business confidence in Australia climbed eight points in August to post a score of 18, the National Australia Bank said on Tuesday in its monthly survey, posting its highest score since October 2003.

The index was supported by gains among several key sub-indexes including personal services, retail, manufacturing and finance.

The survey also showed that business conditions rose to their highest level since the middle of last year, the bank said, adding three points in August for a score of 4.

Limiting the gains was weakness in some of the other sub-indexes, including employment and forward orders.

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Posted in Categories: Australia, Economy, Releases.

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