National Australia Bank's index of business confidence dropped to 4 in December 2020 from an upwardly revised 13 in November. The latest reading was below-average level, reflecting the impact of the Sydney COVID-19 outbreak. source: National Australia Bank
Business Confidence in Australia averaged 5.06 points from 1997 until 2020, reaching an all time high of 21 points in April of 2002 and a record low of -66 points in March of 2020. This page provides - Australia Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia Business Confidence - data, historical chart, forecasts and calendar of releases - was last updated on January of 2021.
Business Confidence in Australia is expected to be 12.00 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 5.00 in 12 months time. In the long-term, the Australia Business Confidence is projected to trend around 8.00 points in 2022, according to our econometric models.