The NAB business confidence index in Australia dropped to a four-month low of 6 in May 2022 from 10 in April, amid high inflation, rising interest rates and cost pressures. Wholesale and construction saw big falls in sentiment, though both stay in positive territory. The latest print was just above its long-run average, pointing that sentiment was still at a fairly robust level. Meantime, business conditions eased (16 vs 19 in April), as both sales (24 vs 2) and profitability (17 vs 21) edged down from high levels while employment rose further (11 vs 10). Further, capacity utilization was almost equal with the record high seen pre-Delta (85% vs 84.2%), and forward orders also elevated (12 vs 10). "Overall, the survey indicates the economy has maintained its momentum into Q2 and most businesses are in strong position despite the inflation headwinds, with the lift-off in interest rates and global growth risks yet to significantly impact the economy," 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 June 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.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Australia Business Confidence



Calendar GMT Actual Previous Consensus TEForecast
2022-05-10 01:30 AM Apr 10 16 12
2022-06-14 01:30 AM May 6 10 12
2022-07-13 01:30 AM Jun 6


Related Last Previous Unit Reference
Business Confidence 6.00 10.00 points May 2022
Capacity Utilization 84.95 83.90 percent May 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
6.00 10.00 23.00 -66.00 1997 - 2022 points Monthly
SA

News Stream
Australia Business Sentiment Eases
The NAB business confidence index in Australia dropped to a four-month low of 6 in May 2022 from 10 in April, amid high inflation, rising interest rates and cost pressures. Wholesale and construction saw big falls in sentiment, though both stay in positive territory. The latest print was just above its long-run average, pointing that sentiment was still at a fairly robust level. Meantime, business conditions eased (16 vs 19 in April), as both sales (24 vs 2) and profitability (17 vs 21) edged down from high levels while employment rose further (11 vs 10). Further, capacity utilization was almost equal with the record high seen pre-Delta (85% vs 84.2%), and forward orders also elevated (12 vs 10). "Overall, the survey indicates the economy has maintained its momentum into Q2 and most businesses are in strong position despite the inflation headwinds, with the lift-off in interest rates and global growth risks yet to significantly impact the economy," said NAB Chief Economist Alan Oster.
2022-06-14
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