Australia press: Business conditions soar to all-time high, says NAB

I posted on the National Australia Bank October business confidence and conditions here:

• Australia data - October Business Conditions 21 (prior 14) & Confidence 8 (prior 7)

That post is a good run down of the survey.

The Australian press is onto the result pretty quickly, this via The Australian (may be gated)

• Business conditions hit an all-time high in October
• but analysts have warned of a possible pullback in coming months
• NAB's indicator pointed to solid employment conditions, pointing to adequate jobs growth to further lower the unemployment rate
• "Overall, results from the survey indicate that the business sector in Australia is very strong at present, which is having positive spill-overs into the labour market and, to some extent, investment," the report said

more at that link