Markets

Australian business confidence slumps despite stronger operating conditions

Australian business confidence fell to the lowest level in over three years in March despite a noticeable improvement in operating conditions. The employment subindex strengthened further, pointing to strong hiring and downward pressure on unemployment in the period ahead. Businesses in Tasmania and in the mining sector are reporting the […]
Australian business confidence slumps despite stronger operating conditions
Markets

‘Conditions have materially deteriorated’: Sluggish Australian economic growth may be here to stay

Operating conditions for Australian businesses deteriorated February. Confidence levels also fell to the lowest level since January 2019. Views on profitability and trading conditions weakened, but the employment subindex held steady. Capacity utilisation and forward orders both declined, adding to downside risks for business investment and hiring. Australia’s economy slowed […]
‘Conditions have materially deteriorated’: Sluggish Australian economic growth may be here to stay
Markets

Australian businesses aren’t as confident as they used to be

NAB’s monthly survey of Australian businesses showed conditions worsened in October, while business confidence fell to a 2018 low. The biggest fall was seen in the sub-index for employment, although NAB economist Alan Oster still expects Australia’s labour market to remain strong. Key leading indicators – forward orders and capacity […]
Australian businesses aren’t as confident as they used to be
Markets

3 charts that show the turnaround in Australia’s mining sector

NAB’s business survey for September showed conditions and confidence consolidated from the previous month. The underlying data revealed the ongoing improvement in Australia’s mining sector. And more broadly, NAB said the data suggests Australia’s unemployment rate will continue to fall this year. NAB’s business survey for September is out, with […]
3 charts that show the turnaround in Australia’s mining sector
Markets

Australian business confidence plummets to a two-year low

NAB’s latest business survey showed Australian business conditions rebounded in August. However, confidence around the outlook fell to a reading of +4 – the lowest level since August 2016. Despite that, NAB’s chief economist Alan Oster said key leading indicators are relatively positive for the months ahead. The latest NAB […]
Australian business confidence plummets to a two-year low
Markets

Australian business conditions steadied in June but the outlook remains mixed

NAB’s monthly survey showed business conditions edged higher while confidence fell, after both indexes fell sharply in May . The report found that business cash flows remain at above-average levels and the mining sector is having another “mini-boom”. NAB chief economist Alan Oster said report is indicitivae of robust growth […]
Australian business conditions steadied in June but the outlook remains mixed
Markets

Business confidence is starting to slide in NSW and Victoria

Australian business conditions and confidence fell sharply in May, according to the NAB. Lead indicators in the survey weakened, pointing to a moderation in activity levels in the months ahead. Confidence levels in NSW and Victoria, where capital city home prices are falling, remain the weakest. Australian business conditions fell […]
Business confidence is starting to slide in NSW and Victoria
Markets

Australian business conditions just fell sharply from record highs

NAB’s business survey fell sharply in March from the previous month’s record high, but remains above its long-term average. The business conditions index fell by 6 points to a reading of +14, reversing gains in the previous two months. The outlook also dimmed somewhat, as the reading for business confidence […]
Australian business conditions just fell sharply from record highs
Markets

Australian business conditions hit record highs

The NAB business survey hit the highest level on record in February, although share market volatility weighed on confidence. The gains were driven by further increases in trading and profitability. NAB says the result is consistent with a positive growth outlook which may see the RBA raise rates towards the […]
Australian business conditions hit record highs
Markets

Australian business sentiment declined sharply in November

Australian business conditions reversed sharply in November after hitting an all-time high the previous month. The NAB’s monthly survey of Australian companies showed business conditions declined to a reading of +12 — a 9 point drop from October — with steep monthly falls in trading and profitability. In addition, the […]
Australian business sentiment declined sharply in November
Markets

Higher costs are weighing on business confidence

The latest monthly business survey by NAB shows that Australian business conditions are holding up well at recent record highs. That’s the good news, because data for August revealed a sharp fall in business confidence, following consistent gains in that sub-index over recent months. Despite that, overall business conditions ticked […]
Higher costs are weighing on business confidence
Markets

Smaller Australian businesses aren’t doing as well as their larger competitors

Smaller Australian businesses are doing it tougher than their larger competitors, says the National Australia Bank (NAB). According to the bank’s latest Small and Medium Enterprises (SME) Business Survey, confidence levels and operating conditions fell during the June quarter, unwinding much of the improvement in the second half of last […]
Smaller Australian businesses aren’t doing as well as their larger competitors
Markets

This chart is a good sign for Australia’s corporate earnings outlook

Australian business conditions, as reported in the monthly NAB business confidence survey, are currently the strongest they’ve been since before the global financial crisis, and that bodes well on the outlook for Australian corporate earnings. Here’s why. Courtesy of Tony Brennan and Mark Tomlins, members of Citibank’s Australian equity strategy […]
This chart is a good sign for Australia’s corporate earnings outlook