Australia Business Confidence


Business sentiment drops in February

In February, the business sentiment index published by the National Australian Bank (NAB) fell to 1.0 points from the 3.0 points seen in January. With the February drop, sentiment moved closer to the 0-point threshold that separates positive from negative opinion.

The only sector to record an improvement in February was finance/business/property, while all the other industries recorded lower readings compared to the previous month. Finance/business/property is also the sector showing the highest confidence level, whereas sentiment remains most subdued in wholesale.

FocusEconomics Consensus Forecast panellists see fixed investment growing 4.1% in 2013, which is down 0.8 percentage points from last month's forecast. The panel sees investment expanding 3.1% in 2014.

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Australia Business Confidence Chart

Australia Business Confidence February 2013

Note: Index of business sentiment; 0-point threshold indicates equal number of positive and negative responses.
Source: National Australia Bank

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