Australia Business Confidence

Business Confidence in Australia decreased to -2 in April of 2013 from 2 in March of 2013. Business Confidence in Australia is reported by the National Australia Bank. Historically, from 1997 until 2013, Australia Business Confidence averaged 5.89 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 includes a chart with historical data for Australia Business Confidence.

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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.










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