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Actual | Forecast | Previous | Revised Form | |
| 19 | 15 | N/A | |||
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For February
Provided by: National Australian Bank Bus. Conditions: pr. 3 (Jan), 10 (Dec) The NAB Australian business sentiment index increased to 19 in February from 15 in January, showing Australia’s business confidence rose for a second month and matched November’s 7-year high, according to a survey released by National Australia Bank Ltd. The business conditions index, a measure of hiring, sales and profits, improved to 8 in February from 3 the prior month. |
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| 6/8 | 7/13 | 8/10 | 9/7 | 10/12 | 11/9 | 12/7 | 2/1 | 2/15 | 3/8 | ||
| Actual | -2 | 4 | 10 | 18 | 14 | 16 | 19 | 8 | 15 | 19 | |
| Forecast | |||||||||||
| Previous | -14 | -2 | 4 | 10 | 18 | 14 | 16 | 19 | 8 | 15 | |
| Revised From | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |
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Actual | Forecast | Previous | Revised Form | |
| -4 | -24 | N/A | |||
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For 2nd Quarter
Business Confidence: pr. -24 (1Q), -31 (4Q), -7 (3Q), -8 (2Q),
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| 7/27 | 10/27 | 2/11 | 4/29 | 7/27 | |||||||
| Actual | -8 | -7 | -42 | -24 | -4 | ||||||
| Forecast | |||||||||||
| Previous | -4 | -8 | -7 | -42 | -24 | ||||||
| Revised From | N/A | N/A | N/A | N/A | N/A | ||||||
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Actual | Forecast | Previous | Revised Form | |
| 15 | 8 | N/A | |||
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For January
Provided by: National Australian Bank Previous Release: PDF (Registration Req'd) Bus. Conditions: 3, pr. 10 (Dec) |
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Actual | Forecast | Previous | Revised Form | |
| 8 | 19 | N/A | |||
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For December
Bus. Conditions: 10, pr. 10 (Nov), 12 (Oct), 3 (Sep), 4 (Aug), 1 (Jul),
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Actual | Forecast | Previous | Revised Form | |
| 19 | 16 | N/A | |||
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For November
Bus. Conditions: pr. 12 (Oct), 3 (Sep), 4 (Aug), 1 (Jul), -2 (Jun),
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Actual | Forecast | Previous | Revised Form | |
| 16 | 14 | N/A | |||
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For October
Bus. Conditions: 12 pr. 3 (Sep), 4 (Aug), 1 (Jul), -2 (Jun),
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Actual | Forecast | Previous | Revised Form | |
| 14 | 18 | N/A | |||
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For September
Bus. Conditions: 3, pr. 4 (Aug), 1 (Jul), -2 (Jun), -14 (May),
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Actual | Forecast | Previous | Revised Form | |
| 18 | 10 | N/A | |||
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For August
Bus. Conditions: 4, pr. 1 (Jul), -2 (Jun), -14 (May), -10 (Apr),
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Actual | Forecast | Previous | Revised Form | |
| 10 | 4 | N/A | |||
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For July
Bus. Conditions: 1, pr. -2 (Jun), -14 (May), -10 (Apr), -17 (Mar),
According to the National Australian Bank, business confidence is now at its highest level in two years. The July survey showed an improvement from 4 to 10. The Business conditions index also swung back to positive territory, from -2 to 1. The improvement in sentiments suggest increased expectations that the Australian central bank will look to raise rates from its 49-year-low of 3.00%. |
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Actual | Forecast | Previous | Revised Form | |
| 4 | -2 | N/A | |||
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For June
Bus. Conditions: -2, pr. -14 (May), -10 (Apr), -17 (Mar), -20 (Feb),
There is a sense that the Australian economy may be able to avoid a recession. Business Confidence turned positive, rising from -2 to 4. This is the first positive reading since December of 2007. |
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Actual | Forecast | Previous | Revised Form | |
| -2 | -14 | N/A | |||
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For May
Bus. Conditions: -14, pr. -10 (Apr), -17 (Mar), -20 (Feb),
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Actual | Forecast | Previous | Revised Form | |
| -24 | -42 | N/A | |||
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For 1st Quarter
Business Confidence: -24, pr. -31 (4Q), -7 (3Q), -8 (2Q), -4 (1Q)
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Actual | Forecast | Previous | Revised Form | |
| -42 | -7 | N/A | |||
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For 4th Quarter
Business Confidence: pr. -7 (3Q), -8 (2Q), -4 (1Q)
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Actual | Forecast | Previous | Revised Form | |
| -7 | -8 | N/A | |||
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For 3rd Quarter
Business Confidence: -7, pr. -8 (2Q), -4 (1Q)
The NAB's quarterly business survey for Q3 showed business confitions plunge to 2001 levels. The confidence index did edge up to -7 from June quarter's -8, but the business conditions index dropped 11 points. Drop in stocks as well as lower house prices have been negative factors to wealth. Thinning employment demand clearly reflects anticipation of a global recession. The trend has been a steady decline throughout the year, as business conditions and confidence were initially dragged by surging inflation. Now the realization of the global slowdown and the depth of credit turmoil continues to pressure the business climate and outlooks. |
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Actual | Forecast | Previous | Revised Form | |
| -8 | -4 | N/A | |||
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For September Quarter
The NAB business confidence expectations index fell to -8 for the September quarter (3Q) said NAB head of economics Jeff Oughton. That's the lowest reading since the June quarter of 1991, and the index has slid 18 points in the past year. Falling consumer confidence, rising borrowing costs, and volatility in stocks were all weighing down on business expectations. About 30% of firms said conditions will deteriorate, as they battle reduced activity and higher prices for oil and other key materials for production. The data points to the Reserve Bank of Australia remaining on the sidelines, despite higher short term inflation, as they do not see the need to raise rates again with the economy hitting a period of slowdown. The report did show that the mining sector remained strong. |
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