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The National Australia Bank (NAB) released its business confidence index for Australia on Tuesday. The index rose to 6 points in March from 3 points in February.
"The lift in business conditions to these levels not only suggests that Australia is withstanding the uncertainty offshore, but that the recovery in the non-mining sectors of the economy have in fact stepped up a gear this month," NAB Group Chief Economist Alan Oster said.
The main business conditions index increased to 12 points in March from 8 points in February, while employment rose to 5 points from 1 points.
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