The business sentiment index published by the National Australian Bank (NAB) dropped in March, falling to 9 points from 14 points in February. While the result represented a deterioration compared to the previous month, sentiment remained above the 0-threshold that separates positive from negative opinion for a third consecutive month and corroborated the notion that business confidence is recovering from the consequences of the January flooding, which affected the states of Queensland and Victoria. Business confidence deteriorated in most of the sectors covered by the survey, with the most significant falls recorded in retail (down 12) and construction (down 9). Confidence is now highest in finance, business and property (+20) and in mining (+19) while the construction sector is showing the weakest confidence levels.
Australia Business Confidence
Business sentiment slows in March but remains positive
April 12, 2011
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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.