The NAB business confidence index in Australia surged to 7 in May 2019 from 0 in April, boosted by the Federal election results and expectations of the RBA rate cut. However, the latest reading could be short-lived, as business conditions weakened (-2 points to 1) with both sales (-5 points to 3) and profitability (-4 points to -3) falling while employment rose (+3 points to 2). Also, forward orders dropped further (-1 point to -3), exports were unchanged (at -1); and capacity utilisation decreased to below its average (80.9% vs 81.1%). Across sectors, the goods distribution industries remained weak, followed by manufacturing, while the services industries appeared to be holding up better still it deteriorated over the past year. Business Confidence in Australia averaged 5.93 Index Points from 1997 until 2019, reaching an all time high of 21 Index Points in April of 2002 and a record low of -30 Index Points in October of 2008.

Business Confidence in Australia is expected to be 3.00 Index 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 8.00 in 12 months time. In the long-term, the Australia Business Confidence is projected to trend around 6.00 Index Points in 2020, according to our econometric models.

Australia Business Confidence
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Calendar GMT Actual Previous Consensus TEForecast
2019-03-12 12:30 AM NAB Business Confidence 2 4 3 3
2019-04-01 12:30 AM NAB Business Confidence 0 2 4 3
2019-05-14 01:30 AM NAB Business Confidence 0 -1 1 2
2019-06-11 01:30 AM NAB Business Confidence 7 0 1
2019-07-10 01:30 AM NAB Business Confidence 7 3
2019-08-14 01:30 AM NAB Business Confidence
2019-09-11 01:30 AM NAB Business Confidence


Australia Business Last Previous Highest Lowest Unit
Business Confidence 7.00 0.00 21.00 -30.00 Index Points [+]
Manufacturing PMI 52.70 54.80 62.50 29.47 [+]
Services PMI 52.50 46.50 63.00 32.50 Index Points [+]
Industrial Production 1.20 3.00 12.60 -7.60 percent [+]
Industrial Production Mom 0.50 0.30 5.20 -7.10 percent [+]
Manufacturing Production -1.30 -0.50 8.60 -11.80 percent [+]
Capacity Utilization 80.88 81.12 84.62 78.24 percent [+]
New Orders 22.00 34.00 49.00 -37.00 Index Points [+]
Changes in Inventories 460.00 1048.00 4159.00 -3848.00 AUD Million [+]
Bankruptcies 615.00 718.00 1123.00 217.00 Companies [+]
Corporate Profits 93026.00 91428.00 93026.00 12032.00 AUD Million [+]
Total Vehicle Sales 75550.00 99442.00 130300.00 48099.00 [+]
Car Registrations 14330.43 14078.57 14330.43 3990.94 Thousand [+]
Leading Economic Index -0.09 0.28 0.54 -1.10 percent [+]
Small Business Sentiment -4.92 -1.60 18.55 -21.17 [+]
Internet Speed 11063.10 10098.33 11063.10 1922.87 KBps [+]
IP Addresses 9859878.00 9310525.00 13859005.00 5227461.00 IP [+]
Private Investment -1.70 1.30 15.60 -8.60 percent [+]
Mining Production 3.20 6.80 25.20 -16.90 percent [+]
Steel Production 472.14 424.24 819.00 238.00 Thousand Tonnes [+]
Corruption Index 77.00 77.00 88.60 77.00 Points [+]
Corruption Rank 13.00 13.00 13.00 7.00 [+]
Competitiveness Index 78.85 78.17 78.85 5.08 Points [+]
Competitiveness Rank 14.00 15.00 22.00 14.00 [+]
Composite Pmi 52.20 50.00 58.30 49.10 Index Points [+]
Business Inventories 0.70 0.00 2.80 -2.80 percent [+]
Ease of Doing Business 18.00 14.00 18.00 9.00 [+]


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. This page provides - Australia Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia Business Confidence - actual data, historical chart and calendar of releases - was last updated on June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
7.00 0.00 21.00 -30.00 1997 - 2019 Index Points Monthly
SA




Country Last Previous
Australia 7.00 May/19
Brazil 56.50 May/19
Canada 55.90 May/19
China 49.40 May/19
Euro Area 0.30 May/19
France 104.00 May/19
Germany 97.90 May/19
India 113.50 Jun/19
Indonesia 102.10 Mar/19
Italy 102.00 May/19
Japan 12.00 Mar/19
Mexico 52.40 May/19
Netherlands 4.70 May/19
Russia -1.00 May/19
Saudi Arabia 3.00 Jun/16
Singapore 1.00 Mar/19
South Africa 28.00 Jun/19
South Korea 76.00 May/19
Spain -3.30 May/19
Switzerland 94.40 May/19
Turkey 98.90 May/19
United Kingdom -13.00 Jun/19
United States 52.10 May/19


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