AUD NAB Quarterly Business Confidence
It's a leading indicator of economic health - businesses react quickly to market conditions, and changes in their sentiment can be an early signal of future economic activity such as spending, hiring, and investment;
Above 0 indicates improving conditions, below indicates worsening conditions. There's a quarterly and monthly version of this survey - although the monthly survey is more timely and tends to have greater impact, the quarterly version has a larger sample size and additional questions regarding expectations;
- AUD NAB Quarterly Business Confidence Graph
- History
Expected Impact / Date | Actual | Forecast | Previous |
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Apr 17, 2024 | -2 | -6 | |
Jan 31, 2024 | -6 | -1 | |
Oct 18, 2023 | -1 | -4 | |
Jul 19, 2023 | -3 | -4 | |
Apr 19, 2023 | -4 | -1 | |
Feb 1, 2023 | -1 | 9 | |
Oct 19, 2022 | 9 | 5 | |
Jul 20, 2022 | 5 | 15 |
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- AUD NAB Quarterly Business Confidence News
- From forexlive.com|Apr 17, 2024
This quarterly survey does not attract the same amount of attention as the monthly survey. Thats doubly so today given it was released at the same time as the much-awaited (it always is) jobs report: Australian February March unemployment rate 3.8% (vs. 3.9% expected) - NAB conducts both a monthly business survey and a quarterly survey. Both surveys aim to provide insights into the state of the economy and the performance of businesses. There are some key differences between the two, apart from the obvious (frequency of data ...
- From business.nab.com.au|Oct 18, 2023
Wage costs remain the top issue affecting business confidence, with labour cost growth rising to 1.8% q/q and labour availability still a significant constraint for around 40% of firms. However, fewer firms expect significant wage pressures in the next six months suggesting the peak in wage pressure may have occurred in Q3. Purchase cost growth was more contained and there was further gradual improvement in the share of firms reporting materials availability as a constraint. More broadly, business conditions remained robust and ...
- From business.nab.com.au|Jul 19, 2023
Supply side issues continued to improve in Q2 but the labour market remains very tight, with labour still a constraint for most firms. The share of firms reporting materials availability as a constraint declined to 36%, down from over 50% in 2022, but the share reporting labour as a constraint fell only slightly, remaining over 80%. Signs of a slowing economy were prevalent across the survey, with business conditions falling from very elevated levels (albeit still above average) and forward orders turning negative, similar to the ...
- From business.nab.com.au|Apr 19, 2023
Most businesses continued to report facing constraints on output in Q1 of 2023. Labour shortages eased only slightly, despite the strong rebound in migration, with some 87% of firms reporting availability of labour as a constraint on output (down from a peak of 91% in 2022). There was somewhat more improvement on inputs as supply chains improved, with 43% of firms reporting materials as a constraint (down from a peak of 53%). Capacity utilisation also rose in Q1 to 85.5% and business conditions remained elevated, in line with the ...
- From business.nab.com.au|Feb 1, 2023
Business confidence fell considerably in Q4 as concerns about global and domestic economic growth mounted. Still, business conditions remained strong, albeit easing from the highs seen in Q3. The easing in conditions was evident across industries and states, but all remained in positive territory. Leading indicators also remained fairly strong, including expectations for future business conditions and future employment – an outlook at odds with the low levels of confidence reported by firms. Supply-side constraints remained tight, ...
- From business.nab.com.au|Oct 20, 2022
Consistent with recent monthly survey outcomes, business conditions remained strong across states and industries in Q3. Business confidence also strengthened to be back above average. Capacity utilisation reached a record of 86.3% and more than 90% of firms reported availability of labour as a constraint on output, reflecting the tightness of the labour market. Around half of firms continue to also report availability of materials as a constraint. These supply-side constraints continue to be reflected in labour and purchase costs ...
- From business.nab.com.au|Jul 20, 2022
Conditions strengthened in Q2, up 9pts to +20 index points, while business confidence eased back to +5 index points. Conditions were strong across most sectors, reflecting improvement from the Omicron-affected Q1. According to Alan Oster, NAB Group Chief Economist, “Conditions strengthened in Q2 as the disruptions related to the virus receded. Trading, profitability, and employment were all higher with conditions approaching the high levels seen in early 2021.” “Conditions are strong across most sectors with big gains in recreation & ...
- From business.nab.com.au|Feb 2, 2022
Business confidence rebounded dramatically in Q4 of 2021, up 20pts to +18 index points, as lockdowns were lifted in major states and vaccination rates hit key milestones. The rebound followed a sharp fall that saw the confidence index turn negative during the Delta wave of the virus in Q3. Business conditions, by contrast, had remained in positive territory through Q3 and were steady at +12 index points in Q4. According to Alan Oster, NAB Group Chief Economist, “Business confidence lifted in Q4 as high vaccination rates and the end ...
Released on Apr 17, 2024 |
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Released on Oct 18, 2023 |
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Released on Jul 19, 2023 |
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Released on Apr 19, 2023 |
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Released on Feb 1, 2023 |
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Released on Oct 19, 2022 |
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Released on Jul 20, 2022 |
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Released on Feb 2, 2022 |
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