BUSINESS SURVEY

INSIGHTS, TRENDS AND CASE STUDIES

Financial anxiety eases but 4 in 10 consumers still experienced some form of financial hardship in the last 3 months. Financial anxiety continues to be a bigger issue for young people (particularly women) and low income earners.

Business conditions remain elevated, but confidence pulled-back from multi-year highs.

Australian SMEs are confident of the future, with two thirds of millennial SMEs in particular set to expand their business over the next three years, according to a new NAB white paper released today.

NAB’s Consumer Anxiety Index – which measures concerns about future spending and savings arising from job security, health, retirement, cost of living and government polices – fell to a survey low 55.9 points in Q1 2017 (58.7 in Q4 2016).

Labour market outlook to improve.

The NAB Monthly Business Survey posted another strong result in April, with both business conditions and confidence improving – pointing to ongoing strength in business activity in the near-term.

Online sales faster in the month but slower over the year.

Conditions were again strong in essential services including health, property, finance, transport and business services.

Sentiment in commercial property markets continues to vary widely across states.

Australians remain highly anxious. While having more money might solve some of our concerns, it would do little to solve some of the biggest detractors of wellbeing. But, it could help close the “wellbeing gap” between high and low income earners.

Results from the March NAB Monthly Business Survey point to an overall healthy economy that is gaining momentum, at least in the near-term.

Online sales slower over the year and month.

Foreign multinationals suggest quite good expectations for capital investment in the next 12 months

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