NAB Australia Business Conditions
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NAB Australia Business Conditions are published monthly. They belong to indicators calculated based on the business survey conducted by the National Australia Bank among several hundred Australian companies. It reflects the opinion of business representatives regarding current business conditions.
The index is calculated using average values of trading activity, profitability and employment indicators reported by respondents in their questionnaires. Instead of providing a quantitative measure, respondents provide a relative assessment of changes in business conditions: whether they have improved, worsened or have not changed.
The full monthly survey is a study of business conditions based on different factors, including tax regulation, housing prices, interest rates, the labor market, supply and demand, input and output prices, wages, geopolitical risks, federal and regional policies, and other factors.
The survey coverage includes companies of most sectors of the Australian economy, such as mining, retailing, manufacturing, construction, retail and wholesale trade, transportation, financial and IT services, recreation and entertainment. The full report features separate charts for these industries and for eight Australian states. Based on a comprehensive questionnaire, NAB economists conduct a full analysis of the situation and compile a detailed text report describing which factors have the strongest influence on the respondents' opinions.
The Business Conditions Index is one of the key indicators characterizing Australian business conditions and the overall national economy state. A reading above zero indicates improving business conditions and positive sentiment in the Australian business environment. This may affect the Australian dollar quotes positively. A negative figure indicates a worsening situation.
Last values:
actual data
forecast
The chart of the entire available history of the "NAB Australia Business Conditions" macroeconomic indicator. The dashed line shows the forecast values of the economic indicator for the specified dates.
A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.
