The business sentiment index published by the National Australian Bank Ltd. (NAB) dropped for a second consecutive month in October, from 10 points in September to 8 points. At the current level business sentiment remains positive, with the index still above the 0-threshold which separates positive from negative sentiment. However, the index remains only one point above the long-run average of 7 points. According to NAB, the result reflects the different prospects among Australian industrial sectors. In particular, while sentiment improved in mining, transport, utilities and retail trade, the outlook deteriorated sharply for manufacturing and wholesale trade, tipping the overall index to the downside.
Australia Business Confidence
Business confidence dropped for a second consecutive month in October
November 9, 2010
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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.