Australia Business Confidence  1997-2017 | Data | Chart | Calendar

The NAB Business confidence index in Australia dropped to 7 in May of 2017 from 13 in a month earlier. The business conditions gauge declined slightly to 12 (from 13 in April), but remained well above the long-run average of 5. By component, profitability (14 from 10) and employment (6 from 7) fell while trading conditions/sales held steady at very high levels of 17. Confidence levels varied across industries, but none are currently negative. Also, the major service industries were still generally leading the way except for retail sales. "We continue to expect economic growth to accelerate in the second half following weather-related disruptions in the first half of the year, said NAB chief economist, Alan Oster. "But the longer-term outlook could be less sanguine in our view as important growth drivers begin to fade." Business Confidence in Australia averaged 5.78 from 1997 until 2017, reaching an all time high of 20 in April of 2002 and a record low of -30 in October of 2008.

Australia Business Confidence
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Calendar GMT Actual Previous Consensus Forecast (i)
2017-04-11 01:30 AM Mar 6 7 7.4
2017-05-08 01:30 AM Apr 13 6 6.4
2017-06-13 01:30 AM May 7 13 10.31
2017-07-12 01:30 AM Jun 7 7.93
2017-08-09 01:30 AM Jul 7.96
2017-09-13 01:30 AM Aug 7.15




Australia Business Last Previous Highest Lowest Unit
Business Confidence 7.00 13.00 20.00 -30.00 [+]
Manufacturing PMI 54.80 59.20 62.13 30.86 [+]
Services PMI 51.50 53.00 57.70 39.00 Index Points [+]
Industrial Production -0.70 0.50 12.40 -7.80 percent [+]
Industrial Production Mom 0.39 0.90 5.10 -7.00 percent [+]
Manufacturing Production -2.30 -1.90 8.70 -11.80 percent [+]
Capacity Utilization 82.44 81.29 84.67 78.24 percent [+]
New Orders 39.00 42.00 47.00 -37.00 [+]
Changes in Inventories 2069.00 208.00 4095.00 -3952.00 AUD Million [+]
Bankruptcies 590.00 745.00 1123.00 217.00 Companies [+]
Corporate Profits 82628.00 77943.00 82628.00 12032.00 AUD Million [+]
Total Vehicle Sales 100476.00 97681.00 100476.00 48099.00 [+]
Car Production 11499.00 6937.00 39306.00 6139.00 Units [+]
Car Registrations 13815.11 13549.45 13815.11 3990.94 Thousand [+]
Leading Economic Index -0.02 -0.08 0.54 -1.07 percent [+]
Small Business Sentiment 9.06 1.56 18.71 -21.10 [+]
Steel Production 431.68 411.21 819.00 238.00 Thousand Tonnes [+]
Private Investment 0.30 -1.00 15.60 -7.60 percent [+]
Mining Production 0.90 5.20 25.40 -16.80 percent [+]
Competitiveness Index 5.19 5.15 5.20 5.08 Points [+]
Competitiveness Rank 22.00 21.00 22.00 15.00 [+]
Business Inventories 1.20 0.00 2.80 -2.80 percent [+]
Corruption Index 79.00 79.00 88.60 79.00 Points [+]
Corruption Rank 13.00 13.00 13.00 7.00 [+]
Ease of Doing Business 15.00 13.00 15.00 9.00 [+]


Australia Business Confidence Notes

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 June of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
7.00 13.00 20.00 -30.00 1997 - 2017 Monthly
SA



business confidence by Country

Last
Australia 7.00 May/17
Brazil 51.90 Jun/17
Canada 53.80 May/17
China 51.20 May/17
Euro Area 0.90 May/17
France 108.00 Jun/17
Germany 115.10 Jun/17
India 57.20 Jun/16
Indonesia 103.42 Mar/17
Italy 107.30 Jun/17
Japan 12.00 Mar/17
Mexico 47.55 May/17
Netherlands 6.10 May/17
Russia -1.00 Jun/17
South Korea 82.00 May/17
Spain 0.50 May/17
Switzerland 101.60 May/17
Turkey 112.40 Jun/17
United Kingdom 1.00 Jun/17
United States 54.90 May/17