The business sentiment index published by the National Australian Bank (NAB) rose from 0 points in June to 2 points in July. The reading marked a recovery in the index, which had deteriorated uninterruptedly since February, when sentiment bounced on reconstruction prospects following the Queensland floods. With the July result, business confidence edged above the 0-threshold that separates positive from negative opinion, hinting at improving prospects for investment going forward. At a sector level, confidence is at its highest level in the mining sector (+22 points), as well as in the finance/business/property sector (+5 points). Meanwhile, manufacturing marked the lowest reading (-6 points), as a strong Australian dollar continues to negatively affect sentiment in this sector.
Australia Business Confidence
Business sentiment recovers in July
August 9, 2011
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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.