NAB is a short of National Australia Bank. NAB is one of the largest financial institutions and banks in Australia. Recently, NAB finished its monthly survey and it showed a distinct improvement in the business environment.
NAB's economists said in a commentary on the survey results, “The Australian economy appears to be showing signs of recovery following the flood-induced slowdown, with the NAB business survey reporting a marked improvement in business conditions in March, driven by sharp rises in trading conditions and profitability.”
Also reported, the business conditions index, based on measures of trading conditions, profitability and employment, improved to its highest level for a year in seasonally-adjusted terms. Business confidence eased back in March but only after jumping sharply to an 11-month high in February and remained above the long-term average. Besides that, forward orders and capacity utilization also rose, according to NAB survey.
NAB itself was founded in 1893. The bank operates across 10 countries serving 8.3 million consumer and business banking customers and over 2.3 million wealth management customers. NAB also operates 1,808 branches and service centres and 4654 ATMs globally. NAB is ranked 17th largest bank in the world measured by market capitalization. Its survey is also trustable.
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