Australia Business Confidence


Australia: Business confidence increases again in June

July 14, 2015

The business sentiment index published by the National Australia Bank (NAB) jumped from May’s eight points to 10 points in June, marking the third consecutive increase and the highest level since September 2013. The jump has brought the indicator further above the 0-point threshold, meaning that Australian businesses are optimistic regarding economic conditions in the coming months.

According to the NAB, Australian firms are optimistic despite external risks. The weaker AUD, lower interest rates and a business friendly budget released in May are all working to provide a lasting boost to business confidence. The bank also noted that, “positive confidence was relatively broad based across industries, which could suggest greater sustainability, although growing jitters on global matters (especially in regards to China) suggests that current levels may be hard to sustain.”

FocusEconomics Consensus Forecast panelists see fixed investment contracting 1.7% in 2015, which is up 0.3 percentage points from last month’s forecast. For 2016, the panel sees investment decreasing 0.2%.

Author:, Economist

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Australia Business Confidence Chart

Australia Business Confidence June 2015

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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