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Showing 21 - 30 of 218 results for "business conditions"

Chief economist update: Confidence unlocks Australia's virtuous cycle

BENJAMIN ONG  |  THURSDAY, 10 DEC 2020
... November - double its long-run average of +6 and the best read since April 2018. The NAB survey also showed business conditions jumped to a 20-month high reading of +9, above the long-run average of +6. Improved consumer and business confidence would ...

Chief economist update: Letter V going viral in Australia

BENJAMIN ONG  |  WEDNESDAY, 11 NOV 2020
... recently seen in the NAB Business Survey for October, underscored by the sharp rebound in business confidence and business conditions. Australian business confidence jumped to a reading of +5 in October - the highest level since May 2019 - from -4 in ...

Chief economist update: Budget me this Batman

BENJAMIN ONG  |  MONDAY, 12 OCT 2020
... pessimists continue to outnumber optimists -- minus four in September from minus eight in the previous month. Business conditions also improved but only to zero from minus six in August. The government's response has also allowed the Reserve Bank ...

Chief economist update: Australian pessimism eases

BENJAMIN ONG  |  THURSDAY, 10 SEP 2020
... across industries outside of the mining sector". Outright not good though is the latest reading on Australian business conditions - the index fell back to a reading of -6 from 0 in July, driven by declines in employment (-11 points), profitability (-4 ...

Chief economist update: Second wave turning our V into a W

BENJAMIN ONG  |  FRIDAY, 21 AUG 2020
... a tad to a preliminary reading of 53.9 in August from July's final reading of 54.0. According to CBA: "Business conditions in the Australian manufacturing sector improved further in August, with the rate of improvement largely unchanged on July. ...

Chief economist update: Forecasting is futile

BENJAMIN ONG  |  WEDNESDAY, 12 AUG 2020
... Confidence is now negative in all states except WA and Tas, with NSW and Vic significantly weaker than the rest." Business conditions improved to a reading of 0 from -8 in June, but as NAB Group chief economist Alan Oster explains: "It may reflect activity ...

Chief economist update: Flattening the rebound

BENJAMIN ONG  |  WEDNESDAY, 15 JUL 2020
... restrictions in Australia that defrosted social and commercial activity has had their desired effect - rebounding business conditions and confidence - and the feared one -- a second wave. The NAB monthly business survey showed that business conditions ...

Chief economist update: Surveys say...

BENJAMIN ONG  |  FRIDAY, 17 APR 2020
... condition. Business confidence plunged to a record low minus 66 in March from minus 4 in the previous month. Business conditions dove to minus 21 from 0 in February. All the sub-indices plummeted: trading conditions (-19 in March from +4 in February) ...

Chief economist update: Budget surplus or bust

BENJAMIN ONG  |  THURSDAY, 12 MAR 2020
... index fell to a reading of -4 in February from -1 in the previous month, its lowest level since July 2013. Business conditions declined to 0 from +2 due to weaker trading conditions and profitability....and this was before the coronavirus turned into ...

Chief economist update: Businesses remain unmoved by low rates

BENJAMIN ONG  |  WEDNESDAY, 11 DEC 2019
The National Australia Bank's (NAB) latest Business Survey report shows business conditions remained unchanged at a reading of +4 in November (from October) but business confidence fell to a reading of zero, negating October's two-point increase ...