The NAB business confidence index in Australia jumped to 21 in October 2021 after a downwardly revised 10 a month earlier. This was the highest reading since April while staying above the long-run average, as lockdowns ended in both New South Wales and Victoria and vaccination rate rose further. Retail, business, finance & property, and personal & recreation all saw large confidence improvements. Meantime, business conditions were also back above their long-run average, jumping to 11 from 5 in September, amid a rebound in sales (17 vs 10 in September), profitability (8 vs 2), and employment (6 vs 1). Conditions improved in construction, recreation & personal services, and manufacturing. Capacity utilization bounced back to 81.5% (vs 78.2) and forward orders climbed (15 vs -1), with both now back above average. "These results support our expectation of a strong rebound in activity as lockdowns are lifted in the final months of 2021,” 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 -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 December of 2021.

Business Confidence in Australia is expected to be 25.00 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 2022, according to our econometric models.

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Australia Business Confidence


Calendar GMT Actual Previous Consensus TEForecast
2021-10-12 12:30 AM Sep 13 -6 -2
2021-11-09 12:30 AM Oct 21 10 15
2021-12-14 12:30 AM Nov 21


Related Last Previous Unit Reference
Business Confidence 21.00 10.00 points Oct/21
Capacity Utilization 81.47 78.37 percent Oct/21
Small Business Sentiment 3.78 15.90 Sep/21

News Stream
Australia Business Mood Rises to 6-Month High
The NAB business confidence index in Australia jumped to 21 in October 2021 after a downwardly revised 10 a month earlier. This was the highest reading since April while staying above the long-run average, as lockdowns ended in both New South Wales and Victoria and vaccination rate rose further. Retail, business, finance & property, and personal & recreation all saw large confidence improvements. Meantime, business conditions were also back above their long-run average, jumping to 11 from 5 in September, amid a rebound in sales (17 vs 10 in September), profitability (8 vs 2), and employment (6 vs 1). Conditions improved in construction, recreation & personal services, and manufacturing. Capacity utilization bounced back to 81.5% (vs 78.2) and forward orders climbed (15 vs -1), with both now back above average. "These results support our expectation of a strong rebound in activity as lockdowns are lifted in the final months of 2021,” said Alan Oster, NAB group chief economist.
2021-11-09
Australia Business Morale Highest in 4 Months
The NAB business confidence index in Australia surged to 13 in September 2021 from a downwardly revised -6 in August, pointing to the highest reading since May, well above its long-run average. The improvement was driven by large shifts in confidence in New South Wales (up 42 pct to 27) and Victoria (up 16 pct to 5), following the announcement of easing lockdowns beginning this week as well as rising vaccination rates across the country, with confidence improving in recreation and personal services, wholesale trade, retail, and construction. Business conditions weakened (5 vs 14 in August), amid decreases in trading (10 vs 20), profitability (2 vs 15) and employment (1 vs 9), due to lockdown measures. At the same time, forward orders fell to negative territory (-1 vs 6). Capacity utilization also dropped (78.4% vs 80.1%). “ That is a further sign of the significant slack in the economy as everyone waits for lockdowns to come to an end.” said Alan Oster, NAB group chief economist.
2021-10-12
Australia Business Sentiment Rises in August
The NAB business confidence index in Australia rose to -5 in August 2021 from a downwardly revised -7 in July. The latest reading, however, remained below average, amid lockdowns in New South Wales and Victoria, with confidence mainly improving in transport & utilities and finance, business & property; while weakening in mining, construction, and retail. Business conditions also strengthened (14 vs 10 in July), amid rises in both trading (19 vs 12) and profitability (15 vs 5) and despite a slight softening in employment (9 vs 11). At the same time, forward orders rebounded from the negative territory (6 vs -5). Capacity utilization (80% vs 81%) moderated further but has not deteriorated as significantly as early 2020 while reported capex (7 index points) was steady. “The resilience seen in the August survey results suggest that the supports in place, and lingering momentum from earlier in the year, are continuing to support the economy,” said Alan Oster, NAB group chief economist.
2021-09-14

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.