NAB Group Economics

NAB Group Economics

“A leading team of economists who provide updates on domestic, international and industrial economic trends”

NAB’s Group Economics consists of a leading team of economists who provide accurate, timely and relevant updates on domestic, international and industrial economic trends.

Headed up by the Group Chief Economist, Alan Oster, the team is comprised of three distinct departments:

- Australian economics and commodities
- International economics
- Industry economics

The team publish a wealth of content including reports, surveys, forecasts and indexes.


Australians remain positive about their lives today but fear the future.

Business conditions strong and businesses have their say on tax.

Based on responses from the March 2018 Quarterly Business Survey.

Overall sentiment (measured by NAB’s Commercial Property Index) rose 4 points to +21 in Q1.

The NAB Cashless Retail Sales Index grew 1.2% on a month on month basis in March – slower than January or February.

Australian dwelling values held firm in March, with the combined capitals continuing a softening trend, recording a 0.2% fall, while regional markets saw a 0.4% rise in values over the month.

After a somewhat disappointing 2017 we continue to expect growth to gain more momentum during 2018 – with GDP increasing by around 3% through the year or 2.8% in year average terms.

First shots fired in the US-China trade war.

Still see growth momentum improving.

Business conditions come off the boil, but still hot.

More Aussies are opening their wallets to charity, says NAB report.

The NAB Residential Property Index rose 3 points to +23 in the March quarter 2018 and remains well above its long-term average (+14).

NAB Online Retail Sales Index (NORSI) slowed in February  (+0.8% mom s.a.) from stronger growth in January (1.6%).

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