The business sentiment index published by the National Australian Bank (NAB) picked up in February, rising to 14 points from 4 points in January. The February increase represents a recovery compared to the previous month result, which was depressed by the January flooding in the states of Queensland and Victoria. Sentiment moved well above the 0-threshold that separates positive from negative sentiment and is now at the highest level since March 2010. Business confidence recovered in most of the sectors covered by the survey, with the notable exception of mining, transports and utilities.
Australia Business Confidence
Sentiment recovers as businesses look beyond January floods
March 8, 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.