NAB Australia Business Confidence

Country:
Australia
AUD, Australian Dollar
Sector:
Business
Medium 3 5
5
Last release Importance Actual Forecast
Previous
4
3
Next release Actual Forecast
Previous
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The National Australia Bank (NAB) Business Confidence Index is calculated based on a business survey of Australian companies conducted by NAB. It reflects the expectations of businesses regarding business conditions for the next 3 months.

Respondents provide not absolute, but relative forecasts about how the conditions for their business may change in the next three months (excluding the usual seasonal changes): whether the conditions will improve, worsen or will not change.

The full monthly survey is a compilation of assessments of various business condition factors, covering 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 Confidence 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 Confidence" 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.

Date (GMT)
Reference
Actual
Forecast
Previous
Nov 2018
3
5
5
Oct 2018
4
5
6
Sep 2018
6
5
5
Aug 2018
4
5
7
Jul 2018
7
6
6
Jun 2018
6
8
7
May 2018
6
9
11
Apr 2018
10
4
8
Mar 2018
7
12
9
Feb 2018
9
9
11
Jan 2018
12
10
10
Dec 2017
11
12
7
Nov 2017
6
6
9
Oct 2017
8
6
8
Sep 2017
7
5
Aug 2017
5
12
Jul 2017
12
8
Jun 2017
9
7
May 2017
7
13
Apr 2017
13
6
Mar 2017
6
7
Feb 2017
7
10
Jan 2017
10
6
Dec 2016
6
5
Nov 2016
5
4
Oct 2016
4
6
Sep 2016
6
6
Aug 2016
6
4
Jul 2016
4
5
Jun 2016
6
3
May 2016
3
5
Apr 2016
5
6
Mar 2016
6
3
Feb 2016
3
3
Jan 2016
2
2
Dec 2015
3
5
Nov 2015
5
2
Oct 2015
2
5
Sep 2015
5
1
Aug 2015
1
4
Jul 2015
4
8
Jun 2015
10
8
May 2015
7
3
Apr 2015
3
3
Mar 2015
3
0
Feb 2015
0
3
Jan 2015
3
2
Dec 2014
2
1
Nov 2014
1
4
Oct 2014
4
5

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