NAB Australia Business Confidence

Country:
Australia
AUD, Australian Dollar
Sector:
Business
Medium 10 6
7
Last release Importance Actual Forecast
Previous
5
10
Next release Actual Forecast
Previous
  • Overview
  • Chart
  • History
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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
Aug 2022
10
6
7
Jul 2022
7
7
1
Jun 2022
1
8
6
May 2022
6
7
10
Apr 2022
10
14
16
Mar 2022
16
8
13
Feb 2022
13
-12
3
Jan 2022
3
0
-12
Dec 2021
-12
16
12
Nov 2021
12
17
21
Oct 2021
21
4
13
Sep 2021
13
-6
-5
Aug 2021
-5
2
-7
Jul 2021
-8
15
11
Jun 2021
11
23
20
May 2021
20
21
23
Apr 2021
26
15
17
Mar 2021
15
13
18
Feb 2021
16
7
12
Jan 2021
10
8
5
Dec 2020
4
8
13
Nov 2020
12
0
3
Oct 2020
5
-16
-4
Sep 2020
-4
-20
-8
Aug 2020
-8
-22
-14
Jul 2020
-14
-22
0
Jun 2020
1
-40
-20
May 2020
-20
-32
-45
Apr 2020
-46
-177
-65
Mar 2020
-66
-2
-2
Feb 2020
-4
0
-1
Jan 2020
-1
0
-2
Dec 2019
-2
1
0
Nov 2019
0
0
2
Oct 2019
2
0
0
Sep 2019
0
3
1
Aug 2019
1
4
4
Jul 2019
4
3
2
Jun 2019
2
2
7
May 2019
7
-1
0
Apr 2019
0
1
-1
Mar 2019
0
4
2
Feb 2019
2
3
4
Jan 2019
4
3
3
Dec 2018
3
4
3
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

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