Australia Business Confidence

Business Confidence in Australia decreased to 4 in March of 2014 from 7 in February of 2014. Business Confidence in Australia is reported by the National Australia Bank. Business Confidence in Australia averaged 5.82 from 1997 until 2014, reaching an all time high of 21.10 in May of 2002 and a record low of -31.60 in January of 2009. The NAB monthly survey of business confidence is based on a telephone survey of around 350 small, medium and large size Australian companies. The Survey measures the expectations of business conditions for the upcoming month and is a simple average of trading, profitability and employment indices, reported by respondents for their company. The indices are calculated by taking the difference between the percentage of respondents nominating good or very good, or a rise and those nominating poor or very poor, or a fall. This page provides - Australia Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-25

Actual Previous Highest Lowest Forecast Dates Unit Frequency
4.00 7.00 21.10 -31.60 4.94 | 2014/04 1997 - 2014 Monthly


Australia Business Confidence

CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2014-01-28 12:30 AM Australia
NAB Business Confidence
Dec 2013 6 6.0 (R) 5.09
2014-02-11 12:30 AM Australia
NAB Business Confidence
Jan 2014 8 6 3.5
2014-03-11 12:30 AM Australia
NAB Business Confidence
Feb 2014 7 9 (R) 4.15
2014-04-08 02:30 AM Australia
NAB Business Confidence
Mar 2014 4 7 10.89
2014-05-12 02:30 AM Australia
NAB Business Confidence
Apr 2014 4 4.94

Business Last Previous Highest Lowest Forecast Unit
Bankruptcies 739.00 2014-02-28 511.00 1123.00 217.00 807.06 2014-03-31 Companies [+]
Capacity Utilization 80.24 2014-03-15 80.54 84.70 78.20 80.52 2014-04-30 Percent [+]
Car Registrations 92168.00 2014-03-15 92459.00 98241.00 48098.00 93130.37 2014-04-30 Cars [+]
Changes in Inventories -461.00 2013-11-15 -1173.00 3571.00 -2345.00 -895.82 2014-03-31 AUD Million [+]
Corporate Profits 68215.00 2013-11-15 67071.00 70518.00 12032.00 AUD Million [+]
Industrial Production 2.77 2013-12-31 2.11 13.24 -8.00 1.80 2014-03-31 Percent [+]
Manufacturing PMI 47.89 2014-03-15 48.63 62.13 30.86 47.13 2014-04-30 [+]
Manufacturing Production -1.91 2013-08-15 0.21 8.60 -11.79 -0.88 2013-12-31 Percent [+]
New Orders 26.00 2014-02-15 13.00 47.00 -37.00 29.30 2014-06-30 [+]
Services PMI 48.90 2014-03-31 55.20 55.20 39.00 50.12 2014-04-30 Index Points [+]
Business Confidence 4.00 2014-03-31 7.00 21.10 -31.60 4.94 2014-04-30 [+]

Business Confidence | Notes
The Business Confidence Index is an indicator designed to measure the 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.


Australia Inflation Rate Accelerates Further in Q1  
Australian annual consumer prices advanced 2.9 percent in the first three months of 2014, up from 2.7 percent in the previous quarter, but below market forecasts. The rise was driven by seasonal increases in cost of healthcare, transport and school fees, and by a large hike in tobacco duties.
Australia's Jobless Rate Down to 5.8% in March  
Australia's seasonally adjusted unemployment rate decreased by 0.2 percentage points to 5.8 percent in March while the number of people employed increased by 18,100 to 11,553,200.
Australia Reports Third Monthly Trade Surplus in February  
Australia's trade surplus narrowed in February when compared to a downwardly revised result in the previous month, but performed better than analysts had expected.
Australia Leaves Rate Steady at 2.5%  
At its April 1st, 2014 meeting, the Reserve Bank of Australia decided to leave the cash rate unchanged at 2.5 percent, as it considers the current policy stance appropriate to support demand and growth.
Australia's Unemployment Rate Stable in February  
Australia's seasonally adjusted unemployment rate stayed at 6 percent in February as more people joined the labour force. The employment surged by 47,300, the biggest gain in 13 months and above forecasts.
Australia's Trade Surplus Hits 29-Month High in January  
Australia's trade surplus surged to $1,433m in seasonally adjusted terms in the first month of 2014, the highest value since August of 2011 as exports grew faster than imports.
Australian Economy Expands 0.8% in Q4  
Australian GDP grew faster than expected in seasonally adjusted volume terms in the last quarter of 2013. Expansion was mostly driven by exports and consumption while fixed investment declined.
Australia Leaves Monetary Policy Unchanged  
At its March 4th, the Reserve Bank of Australia decided to leave cash rate unchanged at 2.5 percent for the sixth straight meeting, after sending a strong signal last month it wanted a period of interest rate stability.
Australia's Unemployment Rate Up to 6% in January  
Australia's seasonally adjusted unemployment rate increased by 0.2 percentage points to 6.0 percent in January, the highest level since July of 2003.
Australia Reports Trade Surplus in December  
Australia posted an unexpected trade surplus of $468m in December 2013, an increase of $385m (464%) on the surplus in November 2013. Exports rose 4% supported by the weakened Aussie dollar, while imports grew 2%.


Tokyo Core CPI At 22- Year High in April  
Core consumer prices in Tokyo, a leading indicator of nationwide inflation, rose 2.7 percent in April from a year earlier, the fastest gain since 1992 as an increase in sales tax drove up cost of goods and services.
US Durable Goods Orders Surge in March  
New orders for manufactured durable goods in March increased $6.0 billion or 2.6 percent to $234.8 billion. This increase, up two consecutive months, followed a 2.1 percent February increase.
US Jobless Claims Rise in Latest Week  
In the week ending April 19, the advance figure for seasonally adjusted initial claims was 329,000, an increase of 24,000 from the previous week's revised level. There were no special factors impacting this week's initial claims.
Central Bank of Turkey Leaves Main Rates on Hold  
The Monetary Policy Committee decided on April 24th, 2014, to leave the one-week repo rate on hold at 10.0 percent for the third straight meeting. The Central Bank said it will maintain the current policy stance until there is a significant improvement in the outlook for inflation.
Swiss Trade Surplus Narrows Further in March  
The trade surplus decreased 10.6 percent in March of 2014 from the previous month to CHF 2.1 billion as imports rose at a higher pace than exports. Compared with a year earlier, the trade balance increased by 17.2 percent, driven by stronger sales of pharmaceuticals and chemicals products, and machinery to Europe and China.
Polish Unemployment Rate Falls in March  
Poland’s jobless rate dropped for the second straight month in March of 2014 to 13.5 percent, down from 13.9 percent in February and below market forecasts. A year earlier, unemployment was recorded at 14.3 percent.
South Korean Economy Expands at a Fastest Pace  
In the first quarter of 2014, South Korea’s GDP accelerated for the fourth straight quarter to an annual 3.9 percent growth rate, driven by exports.
South Korea GDP Growth Beats Expectations in Q1  
South Korean GDP expanded a seasonally adjusted 0.9 percent on quarter in the first three months of 2014, the same rate recorded in the previous quarter and above market expectations.
Reserve Bank of New Zealand Increases Interest Rate to 3.0%  
At its April 23rd, 2014 meeting, the Reserve Bank of New Zealand lifted the benchmark interest rate for the second straight meeting by 25 bps to 3.0 percent, as inflationary pressures were increasing and were expected to continue doing so over the next two years.
US New Home Sales Fall Sharply in March  
Sales of new single-family houses dropped 14.5 percent in March of 2014 to their lowest level in eight months. Sales were recorded at a seasonally adjusted annual rate of 384,000, below the revised February rate of 449,000.

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