ECONOMIC COMMENTARY

Towards the future of the Australian, Asian and global economies: latest updates on domestic, international and industrial trends from NAB Group Economics.

LATEST FEATURE

NAB Monthly Business Survey: June 2017

Business conditions hit another multi-year high, with most industries performing well. Stronger trading conditions (sales) and profitability drove the improvement, while employment conditions were steady.

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NAB Australian Wellbeing Report: Q1 2017

Australians reported a further improvement in the quality of their lives in the March quarter.

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Financial Anxiety Survey: Q1 2017

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.

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NAB Customer Spending Behaviours: Q1 2017

New data released by NAB today shows that spending on consumption-based goods and services by NAB customers slowed to 2.0% over the year to Q1 2017, from 3.1% over the year to Q4 2016.

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SURVEYS

What character traits do you need to succeed as an SME today? Some results may surprise, according to a new report released by NAB.

The business sector continues to look upbeat, both with respect to current business activity – also evident in the NAB Monthly Business Survey – and importantly, the near-term outlook.

The NAB Cashless Retail Sales Index is a new product which provides timely proprietary data on a major part of retail spending in Australia.

While almost half of SMEs are set to expand in the coming years, they’re feeling the pressure of competition, according to a new report released by NAB.

INSIGHTS, TRENDS AND CASE STUDIES

What character traits do you need to succeed as an SME today? Some results may surprise, according to a new report released by NAB.

The business sector continues to look upbeat, both with respect to current business activity – also evident in the NAB Monthly Business Survey – and importantly, the near-term outlook.

The NAB Cashless Retail Sales Index is a new product which provides timely proprietary data on a major part of retail spending in Australia.

Steady as she goes – economic growth and other key indicators stable in Q2.

While almost half of SMEs are set to expand in the coming years, they’re feeling the pressure of competition, according to a new report released by NAB.

Revisions to real GDP growth forecasts this month largely reflect a stronger than expected rebound in coal exports following disruptions from Cyclone Debbie in Q1. Further out, we have not fundamentally changed the tone of our outlook.

Following a slow start to the year, GDP growth looks to have accelerated in the June quarter.

Gold began 2017 strongly, up 8% in the first half – despite falling 2% in June. This weakness has continued into early July, with the strong US payrolls data exerting further weakness on gold. However, gold received some support following Fed Chair Janet Yellen’s semi-annual testimony, which the markets interpreted as somewhat dovish.

Global upturn remains in place despite the risks.

Australian housing market sentiment (measured by NAB’s Residential Property Index) fell noticeably in the June quarter after climbing to a 3-year high in March.

Encouraging signs emerging, but long-term headwinds keep RBA on the sideline.

Business conditions hit another multi-year high, with most industries performing well. Stronger trading conditions (sales) and profitability drove the improvement, while employment conditions were steady.

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