In March, the business sentiment index published by the National Australian Bank (NAB) picked up to 3.0 points from 1.0 points in February, when the index deteriorated for the first time in six months. With the March reading, business confidence moved further away from the 0-point threshold that separates positive from negative opinion, suggesting an improvement in investment prospects going forward. Confidence improved across most of the main sectors, in particular in mining, where it rose by 11 points. Mining is also the sector showing the highest confidence level, together with construction (both +10 points), whereas manufacturing is the lowest ranking sector (0 points).
Australia Business Confidence
Business sentiment picks up in March
April 10, 2012
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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.