Australia business activity falls in October

Australian business conditions fell in October to their weakest levels in more than three years as wholesalers and manufacturers suffered from slack demand, while signs of subdued inflationary pressures bolstered the case for further cuts in interest rates.

A monthly survey of around 400 firms by National Australia Bank found firms complaining of a high local dollar, tighter fiscal policy and a softer global economy.

via Business feed http://www.scmp.com/business/economy/article/1081457/australia-business-activity-falls-october