Business confidence bounced back in January as the Omicron outbreak quickly peaked, and it may get a further boost on the reopening of international borders later this month.
But while there are signs consumers have also got over the Omicron shock, their mood has been dampened by the possibility of an interest rate hike by the Reserve Bank of Australia this year.
The National Australia Bank business survey for January showed confidence rebounded 15 points to an index of plus three.
