The NAB business confidence index in Australia fell sharply to 11 in June 2021 from 20 in the prior month, amid COVID-19 lockdowns in New South Wales and Victoria. Confidence weakened in all industries except mining and manufacturing, with recreation & personal suffering a steep drop as businesses were shut. That said, confidence remains around twice its long-run average after strengthening in early 2021. Business conditions also saw a sharp fall after reaching a new high in May, as trading (35 vs 45), profitability (25 vs 39), and employment (17 vs 25) all declined Also, forward orders came off the record highs hit last month but remained elevated (15 vs 24), as does capacity utilization (83.9 vs 85.0). The decline was led by falls in finance, business & property, and mining, though a number of other industries saw solid declines as well. "The hope is that, as like previous episodes of shutdowns, that businesses bounce back on reopening," said Alan Oster, NAB group chief economist. source: National Australia Bank

Business Confidence in Australia averaged 5.32 points from 1997 until 2021, reaching an all time high of 23 points in April of 2021 and a record low of -64 points in March of 2020. This page provides - Australia Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia Business Confidence - data, historical chart, forecasts and calendar of releases - was last updated on July of 2021.

Business Confidence in Australia is expected to be 19.00 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 11.00 in 12 months time. In the long-term, the Australia Business Confidence is projected to trend around 10.00 points in 2022, according to our econometric models.

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Australia Business Confidence

Actual Previous Highest Lowest Dates Unit Frequency
11.00 20.00 23.00 -64.00 1997 - 2021 points Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2021-04-13 01:30 AM Mar 15 18 18
2021-05-10 01:30 AM Apr 26 17 18
2021-06-08 01:30 AM May 20 23 24
2021-07-13 01:30 AM Jun 11 20 19
2021-08-11 01:30 AM Jul 11
2021-09-08 01:30 AM Aug
2021-10-05 12:30 AM Sep
2021-11-10 12:30 AM Oct


News Stream
Australia Business Sentiment Drops to 6-Month Low
The NAB business confidence index in Australia fell sharply to 11 in June 2021 from 20 in the prior month, amid COVID-19 lockdowns in New South Wales and Victoria. Confidence weakened in all industries except mining and manufacturing, with recreation & personal suffering a steep drop as businesses were shut. That said, confidence remains around twice its long-run average after strengthening in early 2021. Business conditions also saw a sharp fall after reaching a new high in May, as trading (35 vs 45), profitability (25 vs 39), and employment (17 vs 25) all declined Also, forward orders came off the record highs hit last month but remained elevated (15 vs 24), as does capacity utilization (83.9 vs 85.0). The decline was led by falls in finance, business & property, and mining, though a number of other industries saw solid declines as well. "The hope is that, as like previous episodes of shutdowns, that businesses bounce back on reopening," said Alan Oster, NAB group chief economist.
2021-07-13
Australia Business Sentiment Eases in May
The NAB business confidence index in Australia fell to 20 in May 2021 from a record high of 23 in the previous month but remained strong. The decline was led by falls in mining and finance, business & property though construction, retail and recreation were also lower. Meantime, business conditions reset their record high for the second month in a row (37 vs 32 in April), with trading (47 vs 41), profitability (40 vs 34), and employment (25 vs 20) all hitting new peaks. Also, forward orders held at a record level (at 26), and capacity utilization stayed near its record high set last month (85.1 percent vs 85.3 percent). Conditions improved in all states, particularly in New South Wales and Victoria. “This is a pleasing result coming after last week’s national accounts which showed that the economy has now surpassed its pre-COVID level. The economy now appears to be entering a new period of growth after a very rapid rebound," said Alan Oster, NAB Group chief economist.
2021-06-08
Australia Business Sentiment Hits Record High
The NAB business confidence index in Australia rose 9 points from the prior month to a record high of 26 in March 2021 and implied that conditions will remain solid in the near term, amid the strength in capacity utilization and forward orders, which both toppled previous highs. Confidence improved in all industries, led by a pickup in retail. Also, business conditions reset last month’s record high, with trading (40 vs 35), profitability (33 vs 25), and employment (22 vs 15) all reaching fresh highs. Conditions improved in all states, except for the South Australia. By sector, large increases were seen in mining and the service sectors with finance, business & property now the strongest non-mining industry. Manufacturing, wholesale, and recreation also reported improving conditions. “It looks like we have moved past the rebound phase of the recovery and are now seeing healthy growth in most of the economy," said Alan Oster, NAB Group Chief Economist.
2021-05-10
Australia Business Sentiment Stays Solid
The NAB business confidence index in Australia fell 3 points from a month earlier to 15 in March 2021 but remained well above its long-run average. Sentiment was generally weaker across all industries, led by a pull-back in wholesale and manufacturing. Meantime, business conditions rose 8 points to a record high of 25, amid a solid gain in trading (35 vs 23 in February), and noticeable rises in both profitability (26 vs 18) and employment (16 vs 9). Also, forward orders rose 7 points to a record high of 17, while capacity utilization rose further and is now well above average (82.3 vs 81.8). At the same time, price pressures remain soft but have increased somewhat over recent months. “This is a very solid survey result. Businesses are telling us activity continues to increase at a very healthy rate as we have moved past the rebound phase in activity with the earlier removal of pandemic-related restrictions," said Alan Oster, NAB Group chief economist.
2021-04-13

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.