The NAB business confidence index in Australia fell to 2 in June 2019 from 7 in the previous month and matching market expectations. The latest figure was below its long-run average of 6, with wholesale and transport & utilities showing the weakest levels of confidence. However, business conditions strengthened (up 2 points to 3), due to a lift in employment (up 3 points to 5) and sales (up 3 points to 6), while profitability was unchanged (at -2). Meanwhile, leading indicators were mixed. Forward orders were unchanged and remained weak (at -4) with evidence of weakness across most industries. Capacity utilization rose (82.1% vs 80.9% in May), but after easing in early 2019, remaining below levels seen in late 2018. “For now, labor market developments appear to be the key driver of monetary policy, with weak wage growth seeing both slower household income growth and weak inflationary pressure," said Alan Oster, NAB economist. Business Confidence in Australia averaged 5.91 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 6.00 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 6.00 in 12 months time. In the long-term, the Australia Business Confidence is projected to trend around 7.00 Index Points in 2020, according to our econometric models.

Australia Business Confidence
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Calendar GMT Actual Previous Consensus TEForecast
2019-04-01 12:30 AM NAB Business Confidence Mar 0 2 4 3
2019-05-14 01:30 AM NAB Business Confidence Apr 0 -1 1 2
2019-06-11 01:30 AM NAB Business Confidence May 7 0 1
2019-07-09 01:30 AM NAB Business Confidence Jun 2 7 2 3
2019-08-14 01:30 AM NAB Business Confidence Jul 2 3
2019-09-11 01:30 AM NAB Business Confidence Aug
2019-10-09 12:30 AM NAB Business Confidence Sep 6


Australia Business Last Previous Highest Lowest Unit
Business Confidence 2.00 7.00 21.00 -30.00 Index Points [+]
Services PMI 52.20 52.50 63.00 32.50 Index Points [+]
Manufacturing PMI 49.43 52.72 62.50 29.47 [+]
Industrial Production 1.20 3.00 12.60 -7.60 percent [+]
Industrial Production Mom 0.50 0.30 5.20 -7.10 percent [+]
Manufacturing Production -1.30 -0.50 8.60 -11.80 percent [+]
Capacity Utilization 82.06 80.88 84.62 78.24 percent [+]
New Orders 36.00 22.00 49.00 -37.00 Index Points [+]
Changes in Inventories 460.00 1048.00 4159.00 -3848.00 AUD Million [+]
Bankruptcies 772.00 615.00 1123.00 217.00 Companies [+]
Corporate Profits 93026.00 91428.00 93026.00 12032.00 AUD Million [+]
Total Vehicle Sales 117817.00 92561.00 130300.00 48099.00 [+]
Car Registrations 14330.43 14078.57 14330.43 3990.94 Thousand [+]
Leading Economic Index -0.10 -0.08 0.54 -1.10 percent [+]
Small Business Sentiment -4.92 -1.60 18.55 -21.17 [+]
Internet Speed 11063.10 10098.33 11063.10 1922.87 KBps [+]
IP Addresses 9859878.00 9310525.00 13859005.00 5227461.00 IP [+]
Industrial Sentiment 52.00 51.00 57.20 50.90 Index Points [+]
Private Investment -1.70 1.30 15.60 -8.60 percent [+]
Mining Production 3.20 6.80 25.20 -16.90 percent [+]
Steel Production 493.54 472.14 819.00 238.00 Thousand Tonnes [+]
Services Sentiment 52.60 51.50 58.40 48.70 Index Points [+]
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 52.50 51.50 58.30 49.10 Index Points [+]
Business Inventories 0.70 0.00 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 July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
2.00 7.00 21.00 -30.00 1997 - 2019 Index Points Monthly
SA




Country Last Previous
Australia 2.00 Jun/19
Brazil 57.40 Jul/19
Canada 52.40 Jun/19
China 49.40 Jun/19
Euro Area 0.17 Jun/19
France 102.00 Jun/19
Germany 97.40 Jun/19
India 113.50 Jun/19
Indonesia 102.10 Mar/19
Italy 100.80 Jun/19
Japan 7.00 Jun/19
Mexico 51.20 Jun/19
Netherlands 3.30 Jun/19
Russia -1.00 Jun/19
Saudi Arabia 3.00 Jun/16
Singapore 1.00 Mar/19
South Africa 28.00 Jun/19
South Korea 75.00 Jun/19
Spain -3.70 Jun/19
Switzerland 93.60 Jun/19
Turkey 102.50 Jun/19
United Kingdom -13.00 Jun/19
United States 51.70 Jun/19


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