The NAB business confidence index in Australia declined to 2 in February 2019 from 4 in the previous month and below market consensus of 3. It was the lowest reading since January 2016, as the index remained below average of 6 for the fifth straight month amid a sharp meltdown in the construction sector and housing deflation. Business conditions fell by 3 points to 4, below its long-run average of 6, driven by declines in profitability declined 4 points to +1, trading lost 2 points to +8, and employment was unchanged at +5. Meantime, forward orders declined 4 points to -2 and exports edged down 1 points to -1. Business Confidence in Australia averaged 5.97 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 2.00 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 7.00 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
2018-12-11 12:30 AM NAB Business Confidence 3 5 5
2019-01-29 12:30 AM NAB Business Confidence 3 3 2
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
2019-04-10 01:30 AM NAB Business Confidence 2 2
2019-05-07 01:30 AM NAB Business Confidence
2019-06-12 01:30 AM NAB Business Confidence


Australia Business Last Previous Highest Lowest Unit
Business Confidence 2.00 4.00 21.00 -30.00 Index Points [+]
Manufacturing PMI 54.00 52.50 62.50 29.47 [+]
Services PMI 44.50 44.30 63.00 32.50 Index Points [+]
Industrial Production 2.80 4.30 12.60 -7.60 percent [+]
Industrial Production Mom -0.80 0.70 5.10 -7.00 percent [+]
Manufacturing Production -0.70 2.10 8.60 -11.80 percent [+]
Capacity Utilization 80.87 81.45 84.62 78.24 percent [+]
New Orders 34.00 31.00 49.00 -37.00 Index Points [+]
Changes in Inventories 685.00 -9.00 4159.00 -3848.00 AUD Million [+]
Bankruptcies 470.00 564.00 1123.00 217.00 Companies [+]
Corporate Profits 90060.00 89305.00 90060.00 12032.00 AUD Million [+]
Total Vehicle Sales 87528.00 93860.00 130300.00 48099.00 [+]
Car Registrations 14078.61 13815.11 14078.61 3990.94 Thousand [+]
Leading Economic Index 0.00 0.10 0.54 -1.10 percent [+]
Small Business Sentiment -1.12 -4.01 18.71 -21.10 [+]
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 6.10 6.30 25.20 -16.90 percent [+]
Steel Production 467.88 449.34 819.00 238.00 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 49.70 51.50 58.30 49.70 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 March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
2.00 4.00 21.00 -30.00 1997 - 2019 Index Points Monthly
SA




Country Last Previous
Australia 2.00 Feb/19
Brazil 64.50 Feb/19
Canada 50.60 Feb/19
China 49.20 Feb/19
Euro Area 0.69 Feb/19
France 103.00 Feb/19
Germany 98.50 Feb/19
India 116.20 Mar/19
Indonesia 104.71 Dec/18
Italy 101.70 Feb/19
Japan 19.00 Dec/18
Mexico 51.30 Feb/19
Netherlands 6.30 Feb/19
Russia -2.00 Feb/19
Saudi Arabia 3.00 Jun/16
Singapore -14.00 Dec/18
South Africa 28.00 Mar/19
South Korea 69.00 Feb/19
Spain -4.90 Feb/19
Switzerland 92.40 Feb/19
Turkey 97.20 Feb/19
United Kingdom -23.00 Mar/19
United States 54.20 Feb/19


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