Sydney Australia skyline

Australia Business Confidence April 2018

Australia: Business confidence and conditions improve in April

The business confidence index produced by the National Australia Bank (NAB) increased to 10 points in April from 8 points in March. The series thus moved further above its long-run average and the neutral 0-point threshold, indicating that Australian businesses are largely optimistic regarding economic conditions.

Looking at the sector-by-sector picture, the construction, mining, and transport and utilities sectors grew more optimistic, while the manufacturing sector became slightly less optimistic. All sectors remain firmly in positive territory. Meanwhile, business conditions improved in April to an all-time high on the back of better trading conditions, profitability and employment. Forward orders, on the other hand, eased marginally but remained in positive territory, while the capacity utilization rate edged up in April. Coupled with elevated profitability, this bodes well for non-mining business investment this year.

Australia Fixed Investment Forecast

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest