Australia Business Confidence


Business sentiment hits 0-point threshold in September

In September, the business sentiment index published by the National Australian Bank (NAB) rose to zero points from minus 3.0 points in August (previously reported: -2.0 points). With the September reading, sentiment hit the 0-point threshold that separates positive from negative opinion, suggesting stable investment prospects going forward. At a sector level, confidence improved across the board, with the strongest increase experienced in the construction sector (+4.0 points), reflecting prospects of further interest rate reductions by the Reserve Bank of Australia and a stabilisation in house prices. Finance/business/property, recreation and personal services as well as transport and utilities are the sectors currently showing the highest confidence level (all at +3.0 points), while mining (-8.0 points) is the lowest ranking sector.

Sample Report

Looking for forecasts related to Business Confidence in Australia? Download a sample report now.


Australia Business Confidence Chart

Australia Business Confidence September 2012

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

Australia Economic News

More news

Search form