The NAB business confidence index in Australia edged up to 0 in April 2019 from a downwardly revised -1 in March but missing market consensus of 1. The latest reading held below its long-term average of 6 for the seventh straight month. Meantime, business conditions fell 4 points to 3, also below average of 6, as employment dropped below its average for the first time since late 2016 (down 7 points to -1); sales (down 4 points to 7) and profitability (down 4 points to 1). The decline in business conditions were broad-based with the exception of mining. Forward orders remained negative and below average (at -1) while exports deteriorated (-1 vs 0) and the capacity utilization rate was little-changed. “We will continue to watch the employment as well as the other forward looking variables over coming months for further slowing,” said NAB Group Chief Economist Alan Oster. Business Confidence in Australia averaged 5.92 Index Points from 1997 until 2019, reaching an all time high of 21 Index Points in April of 2002 and a record low of -30 Index Points in October of 2008.

Business Confidence in Australia is expected to be 5.50 Index 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 8.00 in 12 months time. In the long-term, the Australia Business Confidence is projected to trend around 6.00 Index Points in 2020, according to our econometric models.

Australia Business Confidence
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Calendar GMT Actual Previous Consensus TEForecast
2019-02-12 12:30 AM NAB Business Confidence 4 3 3 2
2019-03-12 12:30 AM NAB Business Confidence 2 4 3 3
2019-04-01 12:30 AM NAB Business Confidence 0 2 4 3
2019-05-14 01:30 AM NAB Business Confidence 0 -1 1 2
2019-06-12 01:30 AM NAB Business Confidence 0 1
2019-07-10 01:30 AM NAB Business Confidence 3
2019-08-14 01:30 AM NAB Business Confidence


Australia Business Last Previous Highest Lowest Unit
Business Confidence 0.00 -0.10 21.00 -30.00 Index Points [+]
Manufacturing PMI 54.80 51.00 62.50 29.47 [+]
Services PMI 46.50 44.80 63.00 32.50 Index Points [+]
Industrial Production 2.80 3.00 12.60 -7.60 percent [+]
Industrial Production Mom -0.70 1.70 10.10 -10.90 percent [+]
Manufacturing Production -0.90 -0.60 8.60 -11.80 percent [+]
Capacity Utilization 81.12 80.97 84.62 78.24 percent [+]
New Orders 22.00 34.00 49.00 -37.00 Index Points [+]
Changes in Inventories 685.00 -9.00 4159.00 -3848.00 AUD Million [+]
Bankruptcies 718.00 629.00 1123.00 217.00 Companies [+]
Corporate Profits 90060.00 89305.00 90060.00 12032.00 AUD Million [+]
Total Vehicle Sales 75550.00 99442.00 130300.00 48099.00 [+]
Car Registrations 14330.43 14078.57 14330.43 3990.94 Thousand [+]
Leading Economic Index -0.09 0.28 0.54 -1.10 percent [+]
Small Business Sentiment -4.92 -1.60 18.55 -21.17 [+]
Internet Speed 11063.10 10098.33 11063.10 1922.87 KBps [+]
IP Addresses 9859878.00 9310525.00 13859005.00 5227461.00 IP [+]
Private Investment 2.00 0.00 15.60 -8.60 percent [+]
Mining Production 6.50 6.20 25.20 -16.90 percent [+]
Steel Production 424.24 385.17 819.00 238.00 Thousand Tonnes [+]
Corruption Index 77.00 77.00 88.60 77.00 Points [+]
Corruption Rank 13.00 13.00 13.00 7.00 [+]
Competitiveness Index 78.85 78.17 78.85 5.08 Points [+]
Competitiveness Rank 14.00 15.00 22.00 14.00 [+]
Composite Pmi 52.20 50.00 58.30 49.10 Index Points [+]
Business Inventories -0.20 -0.10 2.80 -2.80 percent [+]
Ease of Doing Business 18.00 14.00 18.00 9.00 [+]


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. This page provides - Australia Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia Business Confidence - actual data, historical chart and calendar of releases - was last updated on May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.00 -0.10 21.00 -30.00 1997 - 2019 Index Points Monthly
SA




Country Last Previous
Australia 0.00 Apr/19
Brazil 56.50 May/19
Canada 55.90 Apr/19
China 50.10 Apr/19
Euro Area 0.42 Apr/19
France 101.00 Apr/19
Germany 99.20 Apr/19
India 113.50 Jun/19
Indonesia 102.10 Mar/19
Italy 100.60 Apr/19
Japan 12.00 Mar/19
Mexico 53.00 Apr/19
Netherlands 6.70 Apr/19
Russia -2.00 Apr/19
Saudi Arabia 3.00 Jun/16
Singapore 1.00 Mar/19
South Africa 28.00 Mar/19
South Korea 75.00 Apr/19
Spain -3.80 Apr/19
Switzerland 96.20 Apr/19
Turkey 105.50 Apr/19
United Kingdom -13.00 Jun/19
United States 52.80 Apr/19


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