Australiaâ€™s data released on Tuesday showed that Australia's August NAB business climate index was -3, the former value was -1; Australia's August NAB business confidence index was -8, and the previous value was +2, indicating that Australiaâ€™s business climate and confidence have emerged. deterioration.
Under the influence of many factors of instability in the global economy, this country, which mainly exports raw materials, is bound to be affected. In addition, the unemployment rate announced last week was 5.3%. This figure also proves the weakness of the European and American economies and debt. The crisis has caused a lot of uncertainty for the Australian economy.
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