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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 Cashless Retail Sales Index shows strong growth in the month of November (1.6% mom).

Nationally, dwelling values were unchanged in November 2017 according to the CoreLogic home value index.

Aussies’ wellbeing at its highest since 2013, but high anxiety still impacting one in four

Last month’s spike in business conditions was completely unwound in the November NAB Monthly Business Survey, although the index remains at very elevated levels. Business confidence has been less volatile, but appears to be showing a modest downward trend.

A good year for the world economy as growth rises above trend.

The year in review and the year ahead.

Last month’s surprise spike in business conditions was more than unwound in November, although that was partly expected.

Last month’s surprise spike in business conditions was more than unwound in November, although that was partly expected.

Business and government led growth

Spending growth slows but “experiences” continue to out-perform.

The economy is likely to have grown at a solid clip in Q3. While some pieces of the growth puzzle are falling into place, the stark divergence between business and consumer spending remains despite jobs growth. Non-mining and infrastructure investment will be encouraging for the RBA, but higher wages growth is required.

NAB’s proprietary indicator of Australian retail sales reveals a continuation of very slow growth in recent months.

The read on business conditions was extremely strong in the October NAB Monthly Business Survey, with manufacturing posting a strong result despite the recent closure of auto manufacturing plants. The conditions index jumped to a record high, and while confidence is not quite as buoyant, it is holding above long-run average levels.

Articles posted by month