Claw back begins
There was a significant rebound in business confidence and conditions in May, albeit they still, of course, remain at historically weak levels:
Business confidence jumped 20 points higher, but is still in negative territory, while business conditions improved by 10 points over the month.
Via the NAB Survey:
Source: NAB Survey
Well, it's a decent start, as restrictions are eased.
There have been some spectacular results for Australia in respect of COVID-19 today, with only two new confirmed cases, with two cases remaining in ICU:
Both of the new confirmed cases were returned overseas travellers, held in New South Wales quarantine:
New Zealand is also now officially COVID-19 free.
Bravo!
