The NAB business confidence index in Australia fell to 0 in September 2019 from 1 in August and below its long run average of 6. Meantime, business conditions advanced 1 point to 2, still below average for the 6th straight month, as trading (+1 point to 4), profitability (+1 points to -2), and employment (+1 points to 3) increased. Forward looking indicators were mixed and capacity utilisation declined, but remained above average. Across sectors, sentiment dropped in all industries except retail and construction which rose and recreation & personal services, which was flat. “We continue to watch the business sector closely – the housing downturn and the weakness in the retail sector are likely to continue to play out further, adding to private sector weakness in the economy. Rate cuts will help but will lag and with a weak consumer and higher global uncertainty, we are unlikely to see a material improvement in the short-term”, NAB chief economist Oster said. Business Confidence in Australia averaged 5.87 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 5.00 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 5.00 in 12 months time. In the long-term, the Australia Business Confidence is projected to trend around 7.00 Index Points in 2020, according to our econometric models.

Australia Business Confidence
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Calendar GMT Actual Previous Consensus TEForecast
2019-07-09 01:30 AM NAB Business Confidence Jun 2 7 2 3
2019-08-13 01:30 AM NAB Business Confidence Jul 4 2 3 3
2019-09-10 01:30 AM NAB Business Confidence Aug 1 4 3
2019-10-08 12:30 AM NAB Business Confidence Sep 0 1 2
2019-11-12 12:30 AM NAB Business Confidence Oct 0 1
2019-12-10 12:30 AM NAB Business Confidence Nov


Australia Business Last Previous Highest Lowest Unit
Business Confidence 0.00 1.00 21.00 -30.00 Index Points [+]
Services PMI 51.50 51.40 63.00 32.50 Index Points [+]
Manufacturing PMI 54.70 53.10 62.50 29.47 [+]
Industrial Production 1.90 1.30 12.60 -7.60 percent [+]
Industrial Production Mom 1.20 0.70 5.20 -7.10 percent [+]
Manufacturing Production -3.10 -1.70 8.60 -11.80 percent [+]
Capacity Utilization 81.87 82.04 84.62 78.24 percent [+]
New Orders 25.00 36.00 49.00 -37.00 Index Points [+]
Changes in Inventories -1982.00 559.00 4159.00 -3848.00 AUD Million [+]
Bankruptcies 778.00 846.00 1123.00 217.00 Companies [+]
Corporate Profits 98026.00 93796.00 98026.00 12032.00 AUD Million [+]
Total Vehicle Sales 88181.00 85633.00 130300.00 48099.00 [+]
Car Registrations 14330.43 14078.57 14330.43 3990.94 Thousand [+]
Leading Economic Index -0.09 -0.19 0.54 -1.11 percent [+]
Small Business Sentiment 0.84 -4.92 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 -0.50 -1.30 15.70 -8.60 percent [+]
Mining Production 6.50 3.80 25.20 -16.90 percent [+]
Industrial Sentiment 50.30 50.90 57.20 50.30 Index Points [+]
Services Sentiment 52.40 49.10 58.40 48.70 Index Points [+]
Steel Production 500.70 428.70 819.00 238.00 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 78.75 78.85 78.85 5.08 Points [+]
Competitiveness Rank 16.00 14.00 22.00 14.00 [+]
Composite Pmi 52.00 49.30 58.30 49.10 Index Points [+]
Business Inventories -0.90 0.80 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 October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.00 1.00 21.00 -30.00 1997 - 2019 Index Points Monthly
SA




Country Last Previous
Australia 0.00 Sep/19
Brazil 59.30 Oct/19
Canada 48.70 Sep/19
China 49.80 Sep/19
Euro Area -0.22 Sep/19
France 99.00 Oct/19
Germany 94.60 Sep/19
India 112.80 Sep/19
Indonesia 108.81 Jun/19
Italy 98.80 Sep/19
Japan 5.00 Sep/19
Mexico 50.30 Sep/19
Netherlands 3.30 Sep/19
Russia -2.00 Sep/19
Saudi Arabia 3.00 Jun/16
Singapore -11.00 Jun/19
South Africa 21.00 Sep/19
South Korea 71.00 Sep/19
Spain -5.30 Sep/19
Switzerland 93.20 Sep/19
Turkey 98.80 Sep/19
United Kingdom -44.00 Dec/19
United States 47.80 Sep/19


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