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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.

RECENTLY PUBLISHED ARTICLES

The NAB Quarterly Business Survey showed a continuation of the very upbeat conditions for firms into the September quarter.

Overall sentiment in commercial property markets moderated for the second straight quarter, with NAB’s Commercial Property Index down 5 points to +18 in Q3, but still well above long-term average levels (+2).

NAB’s proprietary indicator of Australian retail sales, the NAB Cashless Retail Sales Index, reveals a rebound in spending in the month of September.

Economic growth in most states is expected to strengthen somewhat in 2017-18 before moderating a little in 2018-19 as dwelling investment and LNG exports peak.

Australian housing market sentiment lifted over the third quarter of 2017, supported mainly by a large increase in the number of property experts reporting positive rental growth in the quarter and continued house price growth in most states.

For Australia, outcomes in the September NAB Monthly Business Survey were generally upbeat. Business conditions remain rock steady at levels close to their multi-year highs, but business confidence rose only modestly after a big fall last month.

Global growth rising toward trend pace as advanced economies lift.

Overall we are expecting that growth rates will continue to moderate across the combined capital cities.

Balancing multiple objectives, as business remains strong and consumers cautious.

Business conditions are strong, but retail is still a significant concern.

Insights into the mindset of Australian consumers – their anxieties around future spending and savings plans, what drives these concerns and how they are impacting actual spending behaviours and financial hardship.

Consumers spending their disposable dollars on experiences

NAB’s proprietary indicator of Australian retail sales, the NAB Cashless Retail Sales Index, reveals a sharp decline in spending in the month of August.

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