In October, the business sentiment index published by the National Australian Bank (NAB) dropped to minus 1.0 points from zero points in September. With the October reading, sentiment dropped below the 0-point threshold that separates positive from negative opinion, suggesting deteriorating investment prospects going forward. At a sector level, the reading was driven by a strong deterioration in the construction sector. Finance/business/property as well as transport and utilities were the sectors showing the highest confidence level, while mining and construction were the lowest ranked sectors.
Australia Business Confidence
Business sentiment drops into negative territory in October
November 13, 2012
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Australia Business Confidence Chart
Note: Index of business sentiment; 0-point threshold indicates equal number of positive and negative responses.
Source: National Australia Bank
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.