Australia Business Confidence


Business sentiment drops into negative territory in October

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.

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Australia Business Confidence Chart

Australia Business Confidence October 2012

Note: Index of business sentiment; 0-point threshold indicates equal number of positive and negative responses.
Source: National Australia Bank

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