Sydney Australia skyline

Australia Business Confidence May 2018

Australia: Business confidence weakens in May

The business confidence index produced by the National Australia Bank (NAB) decreased to 6 points in May from 11 points in April. The series nevertheless remained above the neutral 0-point threshold, indicating that Australian businesses are largely optimistic regarding economic conditions.

Looking at the sector-by-sector picture, the construction, manufacturing and transport and utilities sectors grew less optimistic, while the mining sector became more optimistic. All sectors remained firmly in positive territory. Meanwhile, business conditions weakened in May on the back of a deterioration in trading conditions, profitability and employment. Forward orders also eased marginally but remained in positive territory, and capacity utilization edged down in May. However, business conditions remained strong, which 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