The NAB business confidence index in Australia dropped to 4 in October 2018, the weakest since July 2016, from 6 in the previous month. In trend terms, confidence remains highest in mining, followed by manufacturing. Retail and wholesale confidence remain weakest, likely reflecting persistently weak conditions in the industry. Meanwhile, the gauge measuring business conditions slipped 2 points to 12, driven by a sharp decline in the employment index (-4 points to 7). Also, the profitability index eased 2 points to 12, while the sales index edged up 1 point to 18. Conditions declined across most industries with the exception of construction, wholesale and transport & utilities. Business Confidence in Australia averaged 6 Index Points from 1997 until 2018, 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.

Australia Business Confidence
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Calendar GMT Actual Previous Consensus TEForecast
2018-09-11 01:30 AM NAB Business Confidence 4 7 5 6
2018-10-09 12:30 AM NAB Business Confidence 6 5 5 5
2018-11-13 12:30 AM NAB Business Confidence 4 6 8
2018-12-10 12:30 AM NAB Business Confidence 4 10


Australia Business Last Previous Highest Lowest Unit
Business Confidence 4.00 6.00 21.00 -30.00 Index Points [+]
Services PMI 51.10 52.50 63.00 39.00 Index Points [+]
Manufacturing PMI 58.30 59.00 63.10 30.86 [+]
Industrial Production 3.50 4.70 12.00 -7.70 percent [+]
Industrial Production Mom 0.20 2.50 5.10 -6.90 percent [+]
Manufacturing Production 1.90 6.10 8.60 -11.80 percent [+]
Capacity Utilization 82.10 82.27 84.67 78.24 percent [+]
New Orders 31.00 49.00 49.00 -37.00 Index Points [+]
Changes in Inventories 1160.00 1242.00 4102.00 -3764.00 AUD Million [+]
Bankruptcies 635.00 783.00 1123.00 217.00 Companies [+]
Corporate Profits 88467.00 86762.00 88467.00 12032.00 AUD Million [+]
Total Vehicle Sales 90718.00 94711.00 130300.00 48099.00 [+]
Car Registrations 14078.61 13815.11 14078.61 3990.94 Thousand [+]
Leading Economic Index -0.07 0.04 0.54 -1.10 percent [+]
Small Business Sentiment -4.01 1.54 18.71 -21.10 [+]
Internet Speed 11063.10 10098.33 11063.10 1922.87 KBps [+]
IP Addresses 9859878.00 9310525.00 13859005.00 5227461.00 IP [+]
Private Investment -2.50 1.20 15.40 -8.50 percent [+]
Mining Production 4.50 4.70 25.60 -16.90 percent [+]
Steel Production 433.73 520.00 819.00 238.00 Thousand Tonnes [+]
Corruption Index 77.00 79.00 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 52.00 52.50 58.30 52.00 Index Points [+]
Business Inventories 0.60 0.80 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 November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
4.00 6.00 21.00 -30.00 1997 - 2018 Index Points Monthly
SA




Country Last
Australia 4.00 Oct/18
Brazil 53.70 Oct/18
Canada 61.80 Oct/18
China 50.20 Oct/18
Euro Area 1.01 Oct/18
France 104.00 Oct/18
Germany 102.80 Oct/18
India 64.90 Jun/18
Indonesia 108.05 Sep/18
Italy 104.90 Oct/18
Japan 19.00 Sep/18
Mexico 50.70 Oct/18
Netherlands 5.90 Oct/18
Russia -5.00 Oct/18
Saudi Arabia 3.00 Jun/16
Singapore -1.00 Sep/18
South Africa 38.00 Sep/18
South Korea 71.00 Oct/18
Spain -2.50 Oct/18
Switzerland 100.10 Oct/18
Turkey 87.60 Oct/18
United Kingdom -16.00 Dec/18
United States 57.70 Oct/18


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