NAB Monthly Business Survey - October 2014: There was yet another unexpected jump in business conditions in October (up 12 to +13 index points), but unlike the...

NAB Monthly Business Survey - October 2014: There was yet another unexpected jump in business conditions in October (up 12 to +13 index points), but unlike the (short-lived) increase in July, this improvement appears to be much more broad-based. This was also the largest monthly gain in the series since the survey began in 1998 and the index is now well above the long-run average of +5 points - its highest level since early 2008. However, the easing trend in business confidence suggests that the improvement may still be an aberration. The step up is unlikely to be sustained unless accompanied by a further lift in trend conditions, and/or a similar jump in business confidence over coming months. (VIEW LINK)