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: May 2017

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

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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

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.

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).

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.

INSIGHTS, TRENDS AND CASE STUDIES

The NAB Monthly Business Survey was a little softer in May, but still points to a healthy business sector. Business conditions are elevated and confidence is holding up above long-run average levels.

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

Indian economic growth decelerated in the March 2017 quarter, with real GDP expanding by 6.1% in yoy terms.

Global upturn remains in place although momentum stalled in early 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.

Trends stable across the board, no sign of a major economic slowdown.

Business versus households – how will the situation resolve itself?

Australian economy ekes out modest growth in Q1

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

Production growth to decline or slow in 2017 and 2018.

After a slow start to the year, early indications for June quarter GDP are pointing to an acceleration in growth.

This is the second month of NAB’s new regional price indicators, in effect a separate NAB Rural Commodities Index for every region in Australia.

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