Australian Bank Lowers Growth Forecast

The National Australia Bank (OTC: NABZY) lowered its growth forecast for the economy.

The National Australia Bank expects growth of 3% in 2012, versus its previous forecast of 3.25% growth.

The business confidence index climbed to +3 points in March, versus +1 point in February. However, its business conditions index gained to +4 points, versus +3 points in February. Its employment index climbed to 1%, versus zero previously.

NABZY shares closed at $25.35 yesterday.