Australia Business Confidence

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Australia: Business confidence hits lowest level since July 2013

December 10, 2014

The business sentiment index published by the National Australian Bank (NAB) fell from the 5 points tallied in October to 1 point in November, which marked the lowest level in over one year. Consequently, the indicator rests just above the 0-point threshold, which indicates that Australian businesses are optimistic regarding economic conditions in the coming months.

According to the NAB, the moderation in business confidence reflects businesses uncertainty over the outlook of their industries. In addition, the employment index decreased from October’s level.

FocusEconomics Consensus Forecast panelists see fixed investment rising 0.7% in 2015, which is unchanged from last month’s forecast. For 2016, the panel sees investment expanding 0.8% in 2016.


Author: Angela Bouzanis, Senior Economist

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Australia Business Confidence Chart


Australia Business Confidence November 2014

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


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