The business sentiment index published by the National Australian Bank Ltd. (NAB) dropped for a third consecutive month in November, declining from 8 points in October to 6 points. At the current level, business sentiment remains positive, with the index sitting above the 0-threshold that separates positive from negative sentiment. However, the index is now only one point below the long-run average of 7 points. According to NAB, the result continues to reflect the mixed prospects of the various industrial sectors. In particular, while sentiment continues to pick up strongly in mining, transport and utilities, the outlook remains weak for retail trade and manufacturing and deteriorates in wholesale trade.
Australia Business Confidence
Business confidence drops in November for a third consecutive month
December 14, 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.