The NAB business confidence index in Australia dropped to 10 in April 2022 from a 5 month-high of 16 in March but remained above its long-run average. Sentiment eased considerably in transport & utilities, recreation, and finance. Meantime, business conditions went up strongly (20 vs 15 in March), as both sales (27 vs 23) and profitability (22 vs 12) continued to strengthen while employment held firm (at 10). The gains came on the back of a long-awaited recovery in the recreation & personal services sector and an improvement in manufacturing conditions. Forward orders eased slightly (9 vs 12) while capacity utilization rose (83.9% vs 83.4%). Meantime, Cost pressures continued to climb after hitting record growth rates in March, with labor cost growth up to 3.0% and purchase cost growth reaching 4.6% in quarterly terms -- both at new highs. "Overall, the survey highlights the ongoing strength in activity and the broad-based nature of the recovery," said NAB Chief Economist Alan Oster. source: National Australia Bank

Business Confidence in Australia averaged 5.34 points from 1997 until 2022, reaching an all time high of 23 points in April of 2021 and a record low of -66 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 May of 2022.

Business Confidence in Australia is expected to be 16.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Business Confidence is projected to trend around 10.00 points in 2023, according to our econometric models.

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Australia Business Confidence



Calendar GMT Actual Previous Consensus TEForecast
2022-04-12 01:30 AM Mar 16 13 2
2022-05-10 01:30 AM Apr 10 16 12
2022-06-08 01:30 AM May 10


Related Last Previous Unit Reference
Business Confidence 10.00 16.00 points Apr 2022
Capacity Utilization 83.90 83.15 percent Apr 2022
Small Business Sentiment 7.99 14.16 Mar 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
10.00 16.00 23.00 -66.00 1997 - 2022 points Monthly
SA

News Stream
Australia Business Mood Softens
The NAB business confidence index in Australia dropped to 10 in April 2022 from a 5 month-high of 16 in March but remained above its long-run average. Sentiment eased considerably in transport & utilities, recreation, and finance. Meantime, business conditions went up strongly (20 vs 15 in March), as both sales (27 vs 23) and profitability (22 vs 12) continued to strengthen while employment held firm (at 10). The gains came on the back of a long-awaited recovery in the recreation & personal services sector and an improvement in manufacturing conditions. Forward orders eased slightly (9 vs 12) while capacity utilization rose (83.9% vs 83.4%). Meantime, Cost pressures continued to climb after hitting record growth rates in March, with labor cost growth up to 3.0% and purchase cost growth reaching 4.6% in quarterly terms -- both at new highs. "Overall, the survey highlights the ongoing strength in activity and the broad-based nature of the recovery," said NAB Chief Economist Alan Oster.
2022-05-10
Australia Business Mood Strengthens
The NAB business confidence index in Australia increased to a five month-high of 16 in March 2022 from 13 in the previous month, with little evidence of any adverse impact from events in Ukraine. Confidence rose sharply in transport, construction, and recreation & personal services. Meantime, business conditions soared (18 vs 9 in February), the largest one-month jump since June 2020, due to a surge in both sales (24 vs 11) and profitability (13 vs 5) and further improvement in employment (12 vs 9). The rise in conditions was driven by a large increase in retail, finance, and business & property. At the same time, forward orders continued to strengthen (12 vs 9) and capacity utilization edged up (83.1% vs 82.6%). Meanwhile, cost growth escalated further, and prices rose at a record pace. "Overall, the results depict a very strong rebound, led by strong consumer demand,” said NAB Chief Economist Alan Oster.
2022-04-12
Australia Business Mood Strengthens Strongly
The NAB business confidence index in Australia jumped to 13 in February 2022 from an upwardly revised 4 in the previous month. This was the highest reading in four months, which was way above the long-run average of 6, amid a decline in cases of the Omicron variant and regaining the late 2021 momentum. Confidence rose in every industry, with the largest increases in recreation & personal services, mining, and transport. Business conditions also strengthened sharply (9 vs 2 in January), on the back of a strong rise in employment (8 vs -1 in January) and a faster rise in both sales (10 vs 8) and profitability (5 vs 2). All industries except mining saw conditions improve, with the largest growth seen in retail and transport & utilities. Also, forward orders surged (9 vs 4); while capacity utilization edged higher (82.5% vs 81.7%). "Overall, the February survey shows that the economy is quickly getting back on track as the Omicron wave recedes,” said NAB Chief Economist Alan Oster.
2022-03-08