Track AU NAB Quarterly Business Confidence to gauge economic trends and business sentiment shifts.
This indicator serves as a crucial gauge of economic health, as businesses swiftly adapt to changing market conditions. Shifts in their sentiment can signal upcoming economic activities such as spending, hiring, and investments. A reading above 0 signifies improving conditions, while a reading below indicates deterioration. The survey is conducted both quarterly and monthly; although the monthly survey offers more timely insights and usually has a greater impact, the quarterly version benefits from a larger sample size and includes additional questions about expectations.
What it Measures
This index measures the level of a diffusion index derived from businesses surveyed, excluding those in the agricultural sector.
Usual Effect
When the 'Actual' figure exceeds the 'Forecast', it is considered positive for the currency.
Source & Frequency
National Australia Bank Limited (latest release) - https://www.nab.com.au/ • This report is released quarterly, approximately 20 days after the end of each quarter.
How Data is Derived
Survey of about 650 businesses which asks respondents to rate the relative level of current business conditions and expectations for the near and medium-term future
Also Known As
N/A
Acronym
National Australia Bank (NAB)