AUSTRALIA BUSINESS CONFIDENCE

In Australia, business confidence improved to 4 in April of 2012 from 3 in March of 2012. The National Australia Bank's monthly survey of business confidence measures current performance of the non-farm business sector and is based on a survey of around 350 small to large sized companies. Business confidence surveys can provide useful signs about the current condition of the economy, because companies often have information about consumer demand sooner than government statisticians do. This page includes: Australia Business Confidence chart, historical data and news.


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Australia Business Confidence


Business Confidence
The Business Confidence Index is an indicator designed to measure he degree of optimism on the state of the economy that business owners are expressing through their activities of investing and spending. Decreasing business confidence often implies slowing economic growth because business owners are likely to decrease their investment. The idea is that the more confident business owners and managers feel about the economy, their companies, their jobs and incomes, the more likely they are to make investments and purchases. When business confidence is measured on a scale between 0 and 100, an index level below 50 means that business owners expecting their company’s performance to be weaker in the next year outnumber those expecting stronger performance.



AUSTRALIA NEWS

Australia's Unemployment Down to 4.9% in April
Published: 5/10/2012 11:58:25 AM By: TradingEconomics.com, ABS
Australia's unemployment rate decreased 0.2 pts to 4.9%. The male unemployment rate decreased 0.2 pts to 4.8% and the female unemployment rate decreased 0.2 pts to 5.1%.

Australia Reports Trade Deficit for Third Month
Published: 5/8/2012 11:31:23 AM By: TradingEconomics.com, ABS
In seasonally adjusted terms, the balance on goods and services was a deficit of $1,587m in March 2012, a rise of $833m on the deficit in February 2012.

Australia Cuts Rates to 3.75%
Published: 5/1/2012 11:30:40 AM By: TradingEconomics.com, RBA
At its meeting on May 1st, the Board decided to lower the cash rate by 50 basis points to 3.75 per cent, effective 2 May 2012. This decision is based on information received over the past few months that suggests that economic conditions have been somewhat weaker than expected, while inflation has moderated.

Australian Annual Inflation Down to 1.6% in Q1
Published: 4/24/2012 11:49:36 AM By: TradingEconomics.com, ABS
The CPI rose 1.6% through the year to the March quarter 2012, compared with a rise of 3.1% through the year to the December quarter 2011.

Australia's Unemployment Rate Steady at 5.2% in March
Published: 4/12/2012 11:31:07 AM By: TradingEconomics.com, ABS
Employment increased 44,000 (0.4%) to 11,491,200. Full-time employment increased 15,800 (0.2%) to 8,080,400 and part-time employment increased 28,200 (0.8%) to 3,410,900.

Australia Reports Trade Deficit in February
Published: 4/4/2012 11:03:26 AM By: TradingEconomics.com, ABS
In seasonally adjusted terms, the balance on goods and services was a deficit of $480m in February 2012, a fall of $491m on the deficit in January 2012.

Reserve Bank of Australia Leaves Interest Rates Steady
Published: 4/3/2012 1:34:36 PM By: TradingEconomics.com, RBA
The board of the Reserve Bank of Australia has left interest rates unchanged at 4.25 per cent at its monthly meeting.

Australia Reports Trade Deficit in January
Published: 3/9/2012 11:40:09 AM By: TradingEconomics.com, ABS
In seasonally adjusted terms, Australia reported a trade deficit of $673m in January 2012, a turnaround of $1,998m on the surplus in December 2011.

Australia's Unemployment Rate Up to 5.2% in February
Published: 3/8/2012 12:29:16 PM By: TradingEconomics.com, ABS
Australia's seasonally adjusted unemployment rate increased 0.1 percentage points to 5.2 per cent in February.

Australia's GDP Growth Slows in Q4
Published: 3/7/2012 11:15:41 AM By: TradingEconomics.com, ABS
In seasonally adjusted terms, GDP increased 0.4% in the December quarter; through the year GDP growth was 2.3%.

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