Australia Business Confidence October 2021


Australia: Business confidence jumps in October

November 11, 2021

The business confidence index produced by National Australia Bank (NAB) improved to 20.8 points in October from 9.6 points in September. Therefore, the index moved further above the zero-point threshold that signals Australian businesses were mostly optimistic regarding economic conditions going forward.

Moreover, business conditions strengthened in October.

FocusEconomics Consensus Forecast panelists see fixed investment expanding 3.2% in 2022, which is unchanged from last month’s forecast. In 2023, the panel sees fixed investment growing 3.5%.

Author: Massimo Bassetti, Senior Economist

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