Business Confidence in Australia decreased to 15 points in March from 18 points in February of 2021. source: National Australia Bank

Business Confidence in Australia averaged 5.18 points from 1997 until 2021, reaching an all time high of 21 points in April of 2002 and a record low of -64 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 May of 2021.

Business Confidence in Australia is expected to be 8.00 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 6.00 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
15.00 18.00 21.00 -64.00 1997 - 2021 points Monthly

Calendar GMT Actual Previous Consensus TEForecast
2021-01-27 12:30 AM Dec 4 13 10
2021-02-09 12:30 AM Jan 10 5 5
2021-03-09 12:30 AM Feb 16 12 11
2021-04-13 01:30 AM Mar 15 18 18
2021-05-10 01:30 AM Apr 15 18
2021-06-09 01:30 AM May
2021-07-14 01:30 AM Jun
2021-08-11 01:30 AM Jul

News Stream
Australia Business Sentiment Stays Solid
The NAB business confidence index in Australia fell 3 points from a month earlier to 15 in March 2021 but remained well above its long-run average. Sentiment was generally weaker across all industries, led by a pull-back in wholesale and manufacturing. Meantime, business conditions rose 8 points to a record high of 25, amid a solid gain in trading (35 vs 23 in February), and noticeable rises in both profitability (26 vs 18) and employment (16 vs 9). Also, forward orders rose 7 points to a record high of 17, while capacity utilization rose further and is now well above average (82.3 vs 81.8). At the same time, price pressures remain soft but have increased somewhat over recent months. “This is a very solid survey result. Businesses are telling us activity continues to increase at a very healthy rate as we have moved past the rebound phase in activity with the earlier removal of pandemic-related restrictions," said Alan Oster, NAB Group chief economist.
Australia Business Sentiment Highest Since 2010
The NAB business confidence index in Australia rose 4 points from the previous month to 16 in February 2021, its highest level since early 2010, with all states and industries reporting gains, except for retail. In addition, the gauge measuring business conditions climbed 6 points to 15, matching the December reading, which was the highest level since August 2018, with all three sub-components improving: trading (21 vs 13); profitability (17 vs 13); and employment (8 vs 3). Meantime, capacity utilization and capex continue to rise and have now exceeded pre-virus levels and their long-run averages. Forward orders also rose and are now well above average. "Business conditions and confidence are both at multi-year highs and, importantly, we’re starting to see an uptrend in business hiring and investment activity.” said Alan Oster, NAB Group Chief Economist.
Australia Business Sentiment Soars in January
National Australia Bank's index of business confidence jumped to 10 in January 2021 from an upwardly revised 5 in December. The latest reading was well above the long-run average as a recovery in the economy from the COVID-19 shocks gained momentum. Sentiment improved the most in recreation & personal, followed by finance & business services, wholesale and manufacturing. In contrast, business conditions fell sharply to 7 (vs 16 in December), driven by a decline in all three sub-components: trading (11 vs 22), profitability (9 vs 13), and employment (3 vs 10). Meantime, capacity utilization edged up and is now at its long-run average as well as being around its pre-pandemic level (81.0 vs 80.8). Forward orders edged lower and are just below average (1 vs 2). “Business started the year on a more optimistic note, even as conditions eased from the strength we saw in December," said Alan Oster, NAB Group chief economist “Importantly, employment remains in positive territory.”
Australia Business Sentiment Weakens
National Australia Bank's index of business confidence dropped sharply to 4 in December 2020 from an upwardly revised 13 in November, reflecting the impact of the Sydney COVID-19 outbreak. Sentiment deteriorated 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 were above average for the first time since early 2019: employment (9 vs -4 in November), trading (20 vs 15), and profitability (11 vs 13). Meantime, capacity utilization (80.9 vs 79.1) saw further gains and is now around its long-run average and pre-virus levels, while forward orders (1 vs 6) 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.

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.