National Australia Bank's index of business confidence edged up to -1 in January 2020 from a 6-1/2-year low of -2 in December, but missing market expectations of 0. A similar pattern across industries continues, with services still outperforming and goods distribution soft. The impact of the bushfires was felt in the most populous states of New South Wales and Victoria. The gauge for business conditions stood at +3, continuing its below average run since April last year, as both sales (+5 vs +6) and profitability (+2 vs +1) were little-changed while employment eased markedly (+1 vs +4). Looking forward, businesses themselves do not anticipate a material improvement with forward orders still weak and capacity utilisation having fluctuated around its average in recent months.

Business Confidence in Australia averaged 5.78 points from 1997 until 2020, reaching an all time high of 21 points in April of 2002 and a record low of -30 points in October of 2008. This page provides - Australia Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: National Australia Bank

Business Confidence in Australia is expected to be 1.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in Australia to stand at 6.00 in 12 months time. In the long-term, the Australia Business Confidence is projected to trend around 7.00 points in 2021, according to our econometric models.


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Australia Business Confidence

Actual Previous Highest Lowest Dates Unit Frequency
-1.00 -2.00 21.00 -30.00 1997 - 2020 points Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2019-11-12 12:30 AM Oct 2 0 0 1
2019-12-10 12:30 AM Nov 0 2 0 1
2020-01-28 12:30 AM Dec -2 0 1 1
2020-02-11 12:30 AM Jan -1 -2 0 -1
2020-03-12 12:30 AM Feb -1 0
2020-04-01 12:30 AM Mar 1
2020-05-14 01:30 AM Apr
2020-06-11 01:30 AM May


News Stream
Australia Business Sentiment Remains Weak
National Australia Bank's index of business confidence edged up to -1 in January 2020 from a 6-1/2-year low of -2 in December, but missing market expectations of 0. A similar pattern across industries continues, with services still outperforming and goods distribution soft. The impact of the bushfires was felt in the most populous states of New South Wales and Victoria. The gauge for business conditions stood at +3, continuing its below average run since April last year, as both sales (+5 vs +6) and profitability (+2 vs +1) were little-changed while employment eased markedly (+1 vs +4). Looking forward, businesses themselves do not anticipate a material improvement with forward orders still weak and capacity utilisation having fluctuated around its average in recent months.
2020-02-11
Australia Business Confidence Slumps to Over 6-Year Low
National Australia Bank's index of business confidence dropped 2 points from the previous month to -2 in December 2019, the lowest level since July 2013 and below market expectations of +1. Also the gauge for business conditions edged lower to +3 from November's +4, amid a deterioration in both sales (+5 vs +6) and profitability (+1 vs +3), while the index of employment held steady (at +4). Forward-looking indicators were broadly unchanged in the month, and continue to suggest ongoing weakness in business conditions. Forward orders rose 1 point but remain negative, while capacity utilisation remains around average. The fall in confidence suggests firms themselves think conditions are unlikely to improve going forward.
2020-01-28
Australia Business Sentiment Falls in November
The NAB business confidence index in Australia dropped 2 points from the previous month to 0 in November 2019, unwinding the increase last month and remaining well below its long-run average of 6. Confidence fell in all industries, except for retail and wholesale which rose slightly. Meanwhile, the gauge for business conditions was unchanged at 4, as the employment index was unchanged at 4, while trading conditions edged 1 point lower to 6. Profitability rose 3 points to 3. Forward-looking indicators weakened, with forward orders dropping, and capacity utilization and capital expenditure edging lower. "The business survey is consistent with ongoing weakness in GDP growth (especially private demand) and suggests there has been little improvement in Q4 for GDP., " NAB chief economist Alan Oster said.
2019-12-10
Australia Business Sentiment Rises Unexpectedly
The NAB business confidence index in Australia bounced two points to +2 in October 2019, beating market expectations of 0, with mining, construction, retail and finance, business & property services clustered round 3 points. Business conditions also improved (up 1 point to +3), driven by an uptick in trading (up 3 points to +7) and profitability (up 2 points to 0) while the employment index was flat (at +4). At the same time, forward looking indicators were slightly more positive, with a rise in forwards orders and capital expenditure, while capacity utilisation edged lower, but remained above average. "There was a small improvement in both confidence and conditions in October, but both indicators largely point to more of the same for the business sector – that is, the below average run of confidence and conditions has continued following a significant deterioration through the second half of 2018 and through to mid-2019” Alan Oster, NAB Group Chief Economist, said.
2019-11-12

Australia Business Confidence
The NAB monthly survey of business confidence is based on a telephone survey of around 600 small, medium and large size non-agricultural companies. The Survey measures the expectations of business conditions for the upcoming month and is a simple average of trading, profitability and employment indices, reported by respondents for their company. The indices are calculated by taking the difference between the percentage of respondents nominating good or very good, or a rise and those nominating poor or very poor, or a fall.