The NAB business confidence index in Australia declined unexpectedly to 0 in March 2019 from 2 in February, missing market consensus of 4 and staying below its average of 6 for the sixth straight month. It was the lowest reading since July 2013, amid uncertainties around the outlook for household spending and the effect of falling housing prices in some cities. Sentiment deteriorated in all industries except manufacturing which was flat, and mining which increased in the month. Still, business conditions rose 3 points to 7, above its long-run average of 6, driven by sales (up 4 points to 12), profitability (up 4 points to 5) and employment (up 2 points to 7). Meantime, both forward orders (-1 vs -2 in February) and exports (0 vs -1) improved. "With activity having already slowed, it is important to assess whether this is temporary or has persisted into 2019 – the survey suggests this may be the case at least for Q1," NAB Group Chief Economist Alan Oster said. Business Confidence in Australia averaged 5.95 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 2.00 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 7.00 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
2019-01-29 12:30 AM NAB Business Confidence 3 3 2
2019-02-12 12:30 AM NAB Business Confidence 4 3 3 2
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
2019-05-07 01:30 AM NAB Business Confidence 0 2
2019-06-12 01:30 AM NAB Business Confidence
2019-07-10 01:30 AM NAB Business Confidence 5.5


Australia Business Last Previous Highest Lowest Unit
Business Confidence 0.00 2.00 21.00 -30.00 Index Points [+]
Manufacturing PMI 51.00 54.00 62.50 29.47 [+]
Services PMI 44.80 44.50 63.00 32.50 Index Points [+]
Industrial Production 2.80 4.30 12.60 -7.60 percent [+]
Industrial Production Mom -0.80 0.70 5.10 -7.00 percent [+]
Manufacturing Production -0.70 2.10 8.60 -11.80 percent [+]
Capacity Utilization 80.97 80.87 84.62 78.24 percent [+]
New Orders 34.00 31.00 49.00 -37.00 Index Points [+]
Changes in Inventories 685.00 -9.00 4159.00 -3848.00 AUD Million [+]
Bankruptcies 629.00 470.00 1123.00 217.00 Companies [+]
Corporate Profits 90060.00 89305.00 90060.00 12032.00 AUD Million [+]
Total Vehicle Sales 87528.00 93860.00 130300.00 48099.00 [+]
Car Registrations 14078.61 13815.11 14078.61 3990.94 Thousand [+]
Leading Economic Index 0.20 0.00 0.54 -1.10 percent [+]
Small Business Sentiment -1.12 -4.01 18.71 -21.10 [+]
Internet Speed 11063.10 10098.33 11063.10 1922.87 KBps [+]
IP Addresses 9859878.00 9310525.00 13859005.00 5227461.00 IP [+]
Private Investment 2.00 0.00 15.60 -8.60 percent [+]
Mining Production 6.10 6.30 25.20 -16.90 percent [+]
Steel Production 385.17 467.88 819.00 238.00 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 50.60 49.50 58.30 49.10 Index Points [+]
Business Inventories -0.20 -0.10 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 April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.00 2.00 21.00 -30.00 1997 - 2019 Index Points Monthly
SA




Country Last Previous
Australia 0.00 Mar/19
Brazil 58.40 Apr/19
Canada 54.30 Mar/19
China 50.50 Mar/19
Euro Area 0.53 Mar/19
France 102.00 Mar/19
Germany 99.60 Mar/19
India 113.50 Jun/19
Indonesia 104.71 Dec/18
Italy 100.60 Apr/19
Japan 12.00 Mar/19
Mexico 51.50 Mar/19
Netherlands 6.10 Mar/19
Russia -2.00 Mar/19
Saudi Arabia 3.00 Jun/16
Singapore -14.00 Dec/18
South Africa 28.00 Mar/19
South Korea 73.00 Mar/19
Spain -2.30 Mar/19
Switzerland 97.40 Mar/19
Turkey 102.10 Mar/19
United Kingdom -23.00 Mar/19
United States 55.30 Mar/19


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