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Business View Australia - August 2015 11
OPENING LINES
Business in the country will continue
to thrive as the basic conditions that
are necessary for the success of
commercial enterprises are present
in abundance. The service sector will
play an important role in the economy.
As the economy matures it will lose its
dependence on commodities to fuel its
growth. The advantage to the country
provided by increasing commodity
prices may have made it complacent.
Australian business and the economy
has lived with falling commodity prices
for the last year and a half and has still
performedwell.NationalAustraliaBank’s
ASX 300 Quarterly Business Survey –
June 2015, has found that business
confidence rose sharply for ASX 300
firms in the June quarter. The survey also
found that capital expenditure gained
momentum, although as expected,
mining remained depressed.