Australia Business Confidence

Australia

Australia: Business sentiment rebounds in July

August 14, 2012

In July, the business sentiment index published by the National Australian Bank (NAB) picked up to 4.0 points from minus 3.0 points in June. The July reading marks a rebound after two consecutive months in which business confidence sat below the 0-point threshold that separates positive from negative opinion, and suggests an improvement in investment prospects going forward. At a sector level, confidence improved strongly in mining, likely reflecting a stabilisation of commodity prices in July. Meanwhile, construction is the sector currently showing the lowest confidence level (-7 points), whereas recreation and services is the highest ranked sector (+10 points).


Author:, Head of Data Solutions

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Australia Business Confidence Chart


Australia Business Confidence July 2012

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


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