Australia Business Confidence

Australia

Australia: Business confidence recovers in March

April 14, 2015

The business sentiment index published by the National Australia Bank (NAB) jumped from zero points in February to three points in March. The indicator is now above the 0-point threshold, meaning that Australian businesses are optimistic regarding economic conditions in the coming months.

According to the NAB, all of the components of the index improved. As the Bank pointed out, “much of the improvement was driven by a particularly large jump in mining confidence (up 29), while outcomes in other industries were generally mixed.” Conversely, confidence deteriorated in the retail sector, which fell into negative territory for the first time since the middle of 2013.

FocusEconomics Consensus Forecast panelists see fixed investment contracting 2.0% in 2015, which is down 0.3 percentage points from last month’s forecast. For 2016, the panel sees investment stable at 0.0%.


Author:, Economist

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Australia Business Confidence Chart


Australia Business Confidence March 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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