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: July 2017

Conditions continue their strong run, bolstering business confidence.

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NAB Quarterly SME Business Survey: June 2017

SME business conditions eased in Q2 while leading indicators remained mixed.

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NAB Quarterly Australian Commercial Property Survey: Q2 2017

NAB Group Chief Economist Alan Oster says that commercial property sentiment continues to vary widely by sector.

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SURVEYS

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

The July NAB Monthly Business Survey showed a continuation of the strong run enjoyed by the business sector. Business conditions rose to their highest level since early 2008, while confidence also strengthened.

Conditions continue their strong run, bolstering business confidence.

INSIGHTS, TRENDS AND CASE STUDIES

After a sluggish start to the year, GDP growth rebounded in the June quarter and the labour market continues to tighten.

Chinese data generally weaker in July, returning to trend after strong June

Unwinding road ahead – weaker Chinese producer prices providing headwinds for advanced economy inflation

Get the latest monthly update on housing market conditions around Australia.

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

The July NAB Monthly Business Survey showed a continuation of the strong run enjoyed by the business sector. Business conditions rose to their highest level since early 2008, while confidence also strengthened.

Global growth heading back toward trend after soft first quarter.

Conditions continue their strong run, bolstering business confidence.

The NAB Rural Commodities Index fell 1.2% in July as generally higher grain prices were offset by weakness across livestock, dairy, cotton and mixed performance in horticulture.

An improving demand outlook and USD weakness are lending support to much of the commodity complex.

Online sales still growing, albeit slower over the month and year.

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