In January, the business sentiment index published by the National Australian Bank (NAB) inched up to 4.0 points from the 3.0 points recorded in December. With the January reading, business confidence remains above the 0-point threshold, which separates positive from negative opinion, for a fourth consecutive month. Confidence improved notably in the finance/business/property sector, while it deteriorated markedly in the mining sector ?reflecting the softening outlook for global demand and commodity prices, as well as the ever strengthening Australian dollar?. Retail is the sector showing the highest confidence level (+6 points), followed by recreation and personal services (-5 points), whereas mining is the lowest ranking sector (-8 points).
Australia Business Confidence
Business sentiment picks up in January
February 14, 2012
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Australia Economic News
October 12, 2016
The Westpac-Melbourne Institute Survey of Consumer Sentiment increased 1.1% in October as the index rose from September’s 101.4 to 102.4.
October 11, 2016
The business confidence index published by the National Australia Bank (NAB) was stable in September at August’s 6 points.
October 5, 2016
Nominal retail sales inched up 0.4% in August from the previous month in seasonally-adjusted terms, up from July’s flat reading.
October 4, 2016
At its 4 October monetary policy meeting, the Reserve Bank of Australia (RBA) kept its policy rate steady at an all-time low of 1.50% after cutting its rate by 25 basis points twice this year, once in May and once in August.
September 15, 2016
The labor market lost 3,900 net new jobs in August compared to the previous month in seasonally-adjusted terms.