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Showing 1 - 10 of 14 results for "NAB business confidence index"

Chief economist update: Confidence contagion

BENJAMIN ONG  |  THURSDAY, 11 MAR 2021
... is that? Well, it's so good that Australian business confidence remain on the up and up. The NAB business confidence index rose to an 11-month high of +16 in February, "with all states and industries reporting gains, except for retail" (NAB survey). ...

Chief economist update: Australia's virtuous cycle

BENJAMIN ONG  |  THURSDAY, 25 FEB 2021
... vaccine reached Australian shores - was that both business and consumer confidence were back. The NAB business confidence index jumped by five percentage points to a reading of +10 in January - above its long-run average of +6 and despite lower than ...

To keep or not to keep JobKeeper

BENJAMIN ONG  |  MONDAY, 15 FEB 2021
... share and property prices -- are spending consumers that, in turn, lifts business confidence. The NAB business confidence index jumped by five percentage points to a reading of +10 in January - above its long-run average of +6 and despite lower than ...

Chief economist update: Money plus confidence

BENJAMIN ONG  |  THURSDAY, 11 FEB 2021
... This makes it hardly surprising that Australian businesses have also become more confident. The NAB business confidence index jumped by five percentage points to a reading of +10 in January - above its long-run average of +6 and despite lower than the ...

Chief economist update: Confidence unlocks Australia's virtuous cycle

BENJAMIN ONG  |  THURSDAY, 10 DEC 2020
... decade (117 in October 2010 based on FactSet data). Business confidence is also on the rise. The NAB business confidence index jumped nine percentage points to a reading of +12 in November - double its long-run average of +6 and the best read since April ...

Chief economist update: Australian pessimism eases

BENJAMIN ONG  |  THURSDAY, 10 SEP 2020
... latest surveys showed both business and consumer confidence in Australia springing back up. The NAB business confidence index improved to a reading of -8 points in August from -14 in the previous month. The August figure is even more spectacular when ...

Chief economist update: Pay cut or pay not?

BENJAMIN ONG  |  FRIDAY, 15 MAY 2020
... help. This is reflected in the recent sharp improvement in business and consumer confidence -- the NAB business confidence index rebounded to a reading of -46 in April from -65 in March; the Westpac/Melbourne Institute Index of Consumer Sentiment jumped ...

Chief economist update: Budget surplus or bust

BENJAMIN ONG  |  THURSDAY, 12 MAR 2020
... the NAB Business Survey and the Westpac/Melbourne Institute clearly shows waning confidence. The NAB business confidence index fell to a reading of -4 in February from -1 in the previous month, its lowest level since July 2013. Business conditions declined ...

Chief economist update: Australians not confident enough

BENJAMIN ONG  |  THURSDAY, 13 FEB 2020
... Institute Index of Consumer Sentiment rose 2.3% to 95.5 in February from 93.4 in the previous month. The NAB business confidence index improved to -1 in January 2020 from a 6-1/2-year low of -2 in December 2019. It is likely that the Reserve Bank of ...

Economic Wrap

BENJAMIN ONG  |  WEDNESDAY, 14 SEP 2016
Australia business confidence The Reserve Bank of Australia's (RBA) 25bps cut in the official cash rate to 1.50% in August helped lift the NAB business confidence indext from a reading of plus 4 in July to plus 6 last month - consistent with its long-term ...
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