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.

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Australia Business Confidence

Actual Previous Highest Lowest Dates Unit Frequency
4.00 13.00 21.00 -66.00 1997 - 2020 points Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-10-05 12:30 AM Sep -4 -8 -10
2020-11-10 12:30 AM Oct 5 -4 -3
2020-12-08 12:30 AM Nov 12 3 6
2021-01-27 12:30 AM Dec 4 13 10
2021-02-11 12:30 AM Jan 4
2021-03-10 01:00 AM Feb
2021-04-14 01:30 AM Mar
2021-05-12 01:30 AM Apr


News Stream
Australia Business Sentiment Weakens
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. Sentiment weakened in all industries , except mining, construction and transport & utilities. Meantime, business conditions rose to 14, the highest since September 2018, from 7 in November, with all three sub-indices are above average, for the first time since early 2019: employment (9 vs -4), trading (20 vs 15), and profitability (11 vs 13). Meantime, capacity utilisation saw further gains and is now around its long-run average and pre-virus levels, while forward orders pulled back but remain in positive territory. "The rise in the employment index is very encouraging and is consistent with the big gains we’ve seen in the official jobs data,”said Alan Oster, NAB Group Chief Economist.
2021-01-27
Australia Business Sentiment Back to Pre-Pandemic Levels
National Australia Bank's index of business confidence jumped to 12 in November 2020 from a downwardly revised 3 in October. The latest reading was above-average level and reached pre-coronavirus heights, amid a rapid rebound in the economy as restrictions are eased and state borders open up, with sentiment rising in all industries except construction and mining. Both trading (17 vs 7 in October) and profitability (17 vs 7) suged, while the employment index was unchanged (-5 vs -5). Business conditions also surged (9 vs 2), returning to above average and stronger than the period right before the pandemic. Forward orders turned positive, while capacity utilisation saw a large gain. “We continue to closely watch forward orders as these are an indication as to whether the gains in conditions will be sustained, said Alan Oster, NAB Group chief economist.
2020-12-08
Australia Business Sentiment Soars to Near 1-1/2-Year High
National Australia Bank's index of business confidence jumped to 5 in October 2020 from -4 in the previous month, pointing to the highest reading since May last year, driven by the fall in COVID-19 case numbers and looming end of lockdown in Melbourne. Confidence saw an improvement in most industries, with mining and transport & utilities being the exceptions. Both trading (8 vs 4 in September) and profitability (4 vs 1) rose further and the employment index inched higher still remaining in negative (-5 vs -6). Business conditions also edged up (1 vs 0) but still nowhere close to the long-run average of 6. Meanwhile, forward orders improved while capacity utilization jumped. "The improvement in confidence is encouraging but remains fragile, and it will likely remain that way until a vaccine is available," said Alan Oster, NAB Group chief economist.
2020-11-10
Australia Business Sentiment Improves Modestly
National Australia Bank's index of business confidence rose to -4 in September 2020 from -8 in the previous month, pointing to the highest reading since June, amid improving business activity as the economy opens up. Confidence rose in all industries except finance, business & property services which was flat. Business conditions also strengthened to levels not seen since the COVID-19 pandemic brought a nationwide lockdown (0 vs -6 in August). All three sub-components rose, with trading (6 vs -2) and profitability (2 vs -3) in positive territory while the employment index remaining negative (-6 vs -14) as businesses were not yet ready to add new positions. Meanwhile, forward orders improved (-7 vs -11) while capacity utilization ticked higher to 76.9 percent. “While the improvement in conditions and confidence in the last few months has been promising, it is important to remember that in a levels sense, things are still weak," said Alan Oster, NAB Group chief economist.
2020-10-05

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.