Growth slowed but remained positive in February
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Insights, trends and stories to help you lead, learn, innovate and grow your business.
Growth slowed but remained positive in February
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Half of all Australians made their health a greater priority over the past year – showing signs of great proactivity in managing health and wellness. The full report is available for download.
Growth subdued but will improve in late 2024
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China confirms an unchanged growth target for 2024 but headwinds will make it much harder to reach
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4 in 10 SMEs think AI will make their business more profitable.
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Download the latest NAB Regional and Agribusiness Horizons Report for data-led insights on the state of play in regional and rural Australia.
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Hear NAB’s senior expert panellists discuss a range of topics to provide key insights to help you and your business prepare for the current property market climate.
Conditions rise but confidence, orders remain low
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An exclusive insight into our specialists sectors from our Small Business Commercial Broker team. Watch it now.
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Growth rebounded in January from a significant drop in December
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This International Women’s Day is about greater economic inclusion for women everywhere. Seven NAB leaders share why that matters.
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The NAB Australian Wellbeing Index fell in the final quarter of 2023.
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Labour mobility has slowed as concerns around job security rise.
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RBA on hold with inflation & labour market easing
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An exclusive Commercial Real Estate webinar on the on the Retail sector, including the latest market and property insights. Watch now.
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We recently ran a NAB Health Cyber Security Awareness webinar. Please find the recording below.
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Conditions dip below average, price growth ticks up
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SME confidence negative as conditions soften
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We observed a contraction in online sales growth in December, following strong October and November results.
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Our Forward View this month covers both the Australian and Global economies.
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Business conditions cool as retail price growth slows
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China beat its modest growth target in 2023, but this will be harder to achieve in 2024
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NAB now expects an unchanged cash rate until late 2024
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Slow growth to persist in Q4 and into 2024
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China likely to hit its growth target this year, but next year looks more challenging
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Confidence slides but conditions still above average
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The holiday season shopping flurry can offer some small businesses the opportunity to prosper… and others a time to take stock for the new year. Both call for careful preparation – particularly in the current environment. NAB Executive Small Business Ana Marinkovic shares her top tips.
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Online retail sales grew strongly in October, following on from a rebound in September.
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Growth outlook upgraded but 4.6% rate peak ahead
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Bond-fuelled lending to support near-term growth but challenges remain unaddressed
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Confidence remains low despite healthy conditions
Growth holding up but subdued year ahead
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NAB expects follow up hike in February 2024
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There was a broad-based rebound in online retail sales in September
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Household financial stress eases after rising for the past 6 quarters as Australians grow more accustomed to a number of ongoing pressures, but financial concerns are still climbing among lower income earners.
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SME conditions improve but smallest firms still negative
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China’s third quarter growth beat expectations; 2023 forecast edges back above target
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Growth to remain subdued, but avoid a major downturn
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Job switching & intentions, employee satisfaction, working from home & perceptions of collaboration & productivity.
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Cost pressures ease amid resilience in activity
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Growth to remain subdued despite signs of resilience
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Employment index rises as resilience continues
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From interest rates to inflation, employment to consumer spending, NAB Chief Economist Alan Oster shares where he sees Australia’s economy heading. Watch now.
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The impact on SMEs
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How big is the issue for SMEs?
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Soft start to Q3 signals a growing chance that China could miss its annual growth target
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Flat consumption in Q2 with one more rate rise left
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Conditions still above average despite warning signs.
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Very slow growth likely across the states in 2023-24
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RBA on hold for now but one more rise still likely
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SMEs see conditions weaken in Q2 as economy slows
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NAB Online Retail Sales Index growth contracted in June.
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Beyond GDP: Insights into wellbeing, and the role money and finances play in our lives
A slow second half, but persistent inflation
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China’s recovery lost momentum in Q2 and the outlook for the second half remains cloudy
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Conditions still above average despite warning signs
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Could the end be nigh for the hourly billing model favoured by many professional services firms? As technology turns the dial towards value-based pricing, we examine the advantages in measuring outcomes rather than hours.
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Our NAB Online Retail Sales Index grew rapidly this month, following on from very subdued growth over the past two months.
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4.6% rate peak as recessionary forces gather
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Weakness in domestic demand led to underperformance in May
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Cash rate likely to hit 4.6% as narrow path sinks
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Worrying signs of a slowing in activity
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Hospitality business founders Bill Drakopoulos and Dave Henderson shared their experiences over a meal for NAB’s Business Founders Talk series. Hear what they had to say about the passion and drive required to build up their respective businesses.
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NAB Online Retail Sales Index was flat in month-on-month in April, after a mild contraction in March.
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How big is the issue for SMEs?
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The impact on SMEs
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NAB Group Chief Economist Alan Oster talks about the latest economic news. Listen now.
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Base effects inflate growth in April; still waiting on demand to recover
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Rates to pass 4% with economy to slow in response
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Cash rate likely to pass 4% in the coming months
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Our economists stayed up all night so they could break down the Federal Budget for Australian businesses. Watch their take.
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Federal Budget 2023 delivered a $4.2bn surplus, and focused heavily on relief – targeting energy bills and the cost of healthcare in a big way.
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Conditions slowly normalising but still high for now.
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NAB Online Retail Sales Index month-on-month growth contracted in March, following the strong February result.
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How prevalent are attacks & scams & how are businesses & consumers responding?
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Beyond GDP: Insights into wellbeing, and the role money and finances play in our lives.
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Little improvement in cost pressures for SMEs in Q1
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Services sector supports growth rebound in Q1, as base effects boost consumption
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Economy to slow despite jobs, population surge
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Conditions hold up, price pressures ease
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The cash rate at a peak, but upside risks remain
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Population rebounding but growth slowdown looms
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The shape of Australian insolvency
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Line-ball April meeting to take rates to 3.85% peak
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NAB Online Retail Sales Index month-on-month growth accelerated in February, after returning to growth in January.
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Just how resilient is the Australian economy in 2023? From consumer confidence to business spending, hear directly from NAB Chief Economist Alan Oster and Metro & Specialised Banking Exec Julie Rynski. Watch now.
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There’s never been a better time for regional professional services firms to take on their city counterparts. From new recruitment models to technological advances and more, here’s how to make the most of the opportunity.
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The growing importance of sustainability as a consumer issue. Are SMEs ready?
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Australia passing through a possible turning point
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Modest reopening rebound in early 2023 with consumers yet to re-emerge
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Confidence volatile but conditions still strong
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NAB Group Chief Economist Alan Oster talks about the latest economic news. Listen now.
Podcast
In month-on-month terms, growth returned to the NAB Online Retail Sales Index, following on from a weak December result.
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Rising rates to see slower growth ahead
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Find out why NAB’s Khan Horne sees good times ahead for our regions – despite ongoing global concerns.
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Beyond GDP: Insights into wellbeing, and the role money and finances play in our lives.
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Three further hikes to come, cash rate to hit 4.1%
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New-year confidence boost as resilience continues
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Conditions eased for SMEs in late 2022.
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The founders of Empowered Women in Trades and The Kurrajong Kitchen Group sat down to share a meal – and their thoughts on building workplace diversity
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How big is the issue for SMEs & what are they doing to overcome these challenges?
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The impact on SMEs & how business is responding.
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NAB Group Chief Economist Alan Oster talks about the latest economic news. Listen now.
Podcast
Growth in the NAB Online Retail Sales Index contracted in December after two months of growth in October and November.
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Economy beginning to slow; inflation peak passed
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Transition away from zero-COVID could boost growth in 2023, however needs to rebalance towards consumption
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Workplace experts, including Susan Ferrier, NAB Group Executive of People and Culture, predict what our post-pandemic model of working means for employers and employees, how to build the best model for your business and where the pitfalls lie.
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NAB Group Chief Economist Alan Oster talks about the latest economic news. Listen now.
Podcast
Latest COVID-19 wave impacting activity in Q4; COVID policy pivot could provide boost in 2023 (after transition period).
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Slow growth ahead after final rebound bump in Q3
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NAB senior leaders discuss the 2023 business outlook and where the opportunities will lie.
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Confidence now negative, despite strong conditions.
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Growth in the NAB Online Retail Sales Index is back in positive territory.
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China refines, not abandons, zero-COVID and remains without an exit strategy
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The impacts on business & supporting local manufacturing to address them
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Higher rates to slow growth to below 1% in 2023.
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Conditions still strong but confidence weaker
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Beyond GDP: Insights into wellbeing, and the role money and finances play in our lives.
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Market sentiment: is it a good time to buy, sell, renovate & other property intentions
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NAB Online Retail Sales Index returns to growth in September
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Easing conditions for small firms, despite strong demand
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Series of 25bp rises ahead; peak rate of 3.6%
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Growth rebounded in Q3, but base effects flattered the results
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COVID disruptions continue to fade while growth remains strong and labour markets are tight everywhere
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NAB senior leaders, and business leaders share their views on society today and how women are adapting. Watch now.
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The smart plays that are seeing a cosmetic medicine operator deliver to 20,000 customers a year.
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Near term resilience but a slowing ahead
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Conditions roar as costs show signs of easing
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The brains behind Airtasker and v2food share a meal – and their thoughts on how changing your perspective can lead to success.
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In month-on-month terms, our NAB Online Retail Sales Index has contracted for a seventh straight month.
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Base effects flatter August’s growth rates, as a fresh COVID-19 wave threatens outlook
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50BP rate rise now likely in Oct; 3.10% cash rate by end-22
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Growth to slow as rates and inflation bite.
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Our data mapping points to a slight drop in retail sales in August.
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No signs of slow down yet as strong conditions roll on.
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NAB Group Chief Economist Alan Oster talks about the latest economic news. Listen now.
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A volatile night where earlier price action in Asia was largely reversed.
A broad rise in core global yields has been the big news overnight, fuelled by a better-than-expected US ISM report and news UK PM Truss is planning a huge debt-funded fiscal stimulus.
Eurozone bonds yields and stocks falling on the latest jump in energy prices – both oil and gas – following confirmation the NordSteeam1 gas pipeline will remain shut while Russian sanctions are in place.
A goldilocks payrolls report failed to support risk assets on Friday, with equities and the USD quickly reversing on news that Russia was not restarting gas flows through the Nord Stream pipeline
NAB Group Chief Economist Alan Oster talks about the latest economic news. Listen now.
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The bond sell-off shows no signs of abating with a stronger than expected US ISM Manufacturing helping to drive the US 10yr yield up.
August has been a terrible month for balance fund investors with no diversification gains from holding a portfolio of equities and bonds.
Goldman’s noted inflation could hit 22.4% y/y in the UK in early 2023 if gas prices don’t moderate and if there is little in the way of cost of living relief.
NAB's Online Retail Sales Index continued to contract in July.
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Leave it to chance and you’re putting the future of your legal practice at risk. When it comes to succession planning, this firm of patent attorneys provides a lesson in doing things the right way.
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Currency fluctuations, labour shortages, shipping logjams – it’s been a troubled two years for trading businesses. In the third instalment of our Supply Chain Q&A series, our industry experts look at the outlook for this critical part of the Australian economy.
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The “Great Resignation”, Working from Home & Returning to the Office
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Reopening rebound limited by weakness in domestic demand and credit appetite
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Our data mapping points to moderate growth in retail sales in July.
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Rebound set to fade as consumption slows in H2 2022
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Confidence & conditions rally as economy strains capacity limits
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Confidence falls despite strong post-Omicron conditions.
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In month-on-month terms, our NAB Online Retail Sales Index contracted again in June.
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NAB now expects rates to reach 2.85% by year-end.
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The impact on business, and how SMEs believe supply chain issues can best be solved.
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Planning a merger or acquisition for your accounting firm? The Accounting M&A Report 2022 has the insights, data and strategies you need to succeed.
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How big an issue are they for SMEs, what are their expectations & how does business think they can be resolved?
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Beyond GDP: Insights into wellbeing, and the role money and finances play in our lives.
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COVID-19 measures hit China’s economy harder than expected in Q2, and present downside risk to the outlook.
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This article first appeared in the Australian Financial Review. By James Dunn.
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This article first appeared in the Australian Financial Review. By Alexandra Cain.
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Interest rates & inflation to weigh on the consumer.
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Overall retail spending looks to be coming under increasing pressure.
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NAB now expects rates to reach 2.35% by year-end.
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Business confidence falls further while conditions hold up.
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Global Central Banks have been lifting interest rates to combat 40-year high inflation numbers. What does this mean for commercial borrowers? Watch now.
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This article first appeared in the Australian Financial Review. By Ian Grayson.
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Global Central Banks have been lifting interest rates to combat 40-year high inflation numbers. What does this mean for commercial borrowers?
Webinar
Since last month’s wrap, we have seen further gains in most agricultural commodity prices, tentative signs of a stabilisation in fertiliser prices, combined with a lower AUD and a weakening global growth outlook.
Report
The Great Rethink has employees reconsidering what they want from an employer – and whether a job fits with their lifestyle and values. Here’s how professional services firms can factor this into the value proposition they offer staff.
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In this excerpt from the new NAB Regional & Agribusiness Horizons Report Dean Pearson, Head of Behavioural & Industry Economics at NAB, highlights key differences in attitudes and behaviours among city, regional and rural dwellers – including the finding that rural and regional Australians are happier.
Article
In month-on-month terms, our NAB Online Retail Sales Index contracted again in May.
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This article first appeared in the Australian Financial Review - Mark Eggleton
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COVID-19 uncertainty continues to cloud China’s economic outlook.
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Our data show a drop in retail sales in May, albeit from generally strong levels seen earlier in the year.
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Higher inflation, higher rates & slower growth ahead.
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Confidence eases but conditions and outlook remain strong.
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RBA rushing to neutral, rates to reach 2.10% by year-end.
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NAB Group Chief Economist Alan Oster talks about the latest economic news. Listen now.
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Watch as our experts discuss the elements of a successful merger or acquisition, from building a solid strategy to understanding the importance of cultural fit to balancing pricing considerations.
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In month-on-month terms, our NAB Online Retail Sales Index contracted for a third consecutive month in April.
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Download NAB’s Regional & Agribusiness Horizons Report for compelling new insights into regional and rural Australia.
Article
The Reserve Bank of Australia (RBA) has started raising rates for the first time since November 2010. What does this mean for commercial borrowers? Watch now.
Webinar
Australia’s wellbeing falls, but the gap by income now at its narrowest in almost 3 years. Wellbeing diverging across the country, highest in TAS & lowest in WA. Home ownership a significant differentiator. Household financial stress up slightly but falling for low income earners & rising sharply for those on higher incomes. The share of Australians experiencing some form of financial hardship now at a survey low.
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The global pandemic upended every aspect of trading business operations, including supply chains. In the first of NAB’s three-part series of roundtables, NAB’s Michael Saadie speaks to two industry insiders about how supply chains have been impacted and what Australia’s traders are doing to adapt and capitalise on ever-increasing consumer demand.
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COVID lockdowns point to weaker growth and greater uncertainty in the near term.
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Rates to rise further as strong growth continues
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We see retail sales continuing to grow in April, albeit at a somewhat slower pace than previous months.
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Conditions rise further on Recreation & Personal Services recovery.
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In month-on-month terms, our NAB Online Retail Sales Index contracted for a second consecutive month in March.
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Strong CPI to bring forward first rate increase to May.
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Omicron weighed on SME conditions and confidence in Q1.
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COVID outbreaks dampened growth in March, and cloud near-term outlook.
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March has seen smoother retail prospects when compared to the very choppy conditions across January and February, with our forecast pointing to moderate growth in the month.
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Rate rises set for June as strong growth continues.
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Conditions surge higher as costs, prices hit records.
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NAB Group Chief Economist Alan Oster talks about the latest economic news. Listen now.
Podcast
The changing workplace - attitudes to jobs, working from home & barriers to returning to the office.
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RBA to hike rates in June, July, August and November, followed by a more gradual path through 2023 and 2024.
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More space, more people, more practices – which growth strategy is right for you? Vet Judy Harbison and dentist Nicole Yuen share their different routes to success.
Article
In month-on-month terms, our NAB Online Retail Sales Index contracted in February.
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COVID disruptions have continued but State economies have been resilient and labour markets are strong.
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Rapid growth and huge demand proved a cash flow challenge to toy company Connetix. Here’s how NAB specialist support bolstered their continued expansion.
NAB Group Chief Economist Alan Oster talks about the latest economic news. Listen now.
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COVID and energy prices present sizeable risk to China’s ambitious growth target.
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2022 started slowly on account of the Omicron wave but is now really picking up, notably in areas like hospitality and clothing and footwear.
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Unemployment to fall below 4%; inflation risks build.
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Activity, employment strengthen as prices push higher.
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NAB now sees the first rate hike coming in August; Gradual normalisation to follow through in 2023 and 2024.
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This NAB Private Wealth webinar delivers insights into Cyber Security and Fraud.
Webinar
Wellbeing rose in Q4 to levels last seen before the pandemic & household financial stress remains well below the survey average.
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NAB's Online Retail Sales Index returned to growth in January.
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Dean Pearson, NAB's Head of Behavioural and Industry Economics shares his views on the economy, including the impacts of labour shortages on Australian businesses across a broad range of industries and insights from NAB’s latest business survey.
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Despite everything the COVID-19 pandemic has thrown at the small business community the spirit of entrepreneurship is alive and well in Australia.
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SME businesses shared in post-Delta rebound
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Peter Loukas, Property Executive NAB presents his insights on the residential property survey.
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Over 1 in 5 Australians have changed jobs in the past year. Almost 1 in 4 are considering it, with many planning to move to a new role in a new industry or take a career break.
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Consumers started 2022 in an understated fashion, following some big swings in late 2021.
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Strong rebound slowed by Omicron as inflation builds.
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Conditions deteriorate as Omicron peaks.
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We look at the domestic and global interest rates outlook for 2022 and why interest rate risk management is an important consideration for many businesses.
Webinar
In month-on-month terms, our NAB Online Retail Sales Index contracted again in December.
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RBA to hike in November, QE to end in February as expected.
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China enters 2022 with relatively weak momentum and considerable uncertainty.
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Omicron dampens confidence, price pressures continue.
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The return of wealthy expats and pent-up demand has fuelled record-breaking prestige sales, making for a year unlike any other.
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Labour shortages through the eyes of Australian Business: How prevalent is it, expectations & how might it be resolved?
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Australia's wellbeing levels fall sharply as lockdowns bite in several states. But financial stress has eased & fewer Australians are experiencing financial hardship.
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November data show little underlying improvement from October’s weakness.
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Activity snaps back in Q4, pre-Delta GDP within reach
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Consumers continue to power ahead across the country, with post-lockdown spending gains consolidated in our November data.
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Conditions stabilise as reopening progresses
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Our NAB Growth Strategies from High Performing Businesses virtual panel discussion provides unique perspectives and practical knowledge to grow your business. Hear from business owners within professional services who have taken advantage of growth opportunities over the past 12 months.
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We look at which growth opportunities are present for Australian businesses looking to access new export markets and what factors may get in the way of expansion. Watch now.
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A refocus on purpose has helped many organisations thrive from inside to outside. Watch this webinar to learn more about adopting new strategies and how best to share your refocussed position.
Webinar
NAB senior leaders discuss the economy and the opportunities for business in 2022.
Podcast
NAB Online Retail Sales Index contracted in October, following on from lockdown enhanced strong growth in recent months.
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NAB Group Chief Economist Alan Oster talks about the latest economic news. Listen now.
Podcast
Securing a major contract with a national supermarket chain was just the start for Goldstar… gearing up to deliver on its obligations came next. And that’s where NAB’s specialist offering and working capital solutions helped set them up for success.
Article
To prosper in today’s very different working environment, professional services firms should look to master an ‘anywhere operations’ model. Here’s what that looks like in practice.
Article
NAB Group Chief Economist Alan Oster talks about the latest economic news. Listen now.
Podcast
Partials point to a weak start to Q4, with production and retail soft and investment contracting.
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NAB Group Chief Economist Alan Oster talks about the latest economic news. Listen now.
Podcast
Retail conditions in lockdown-affected areas have clearly been challenging for many businesses, but with reopening here, consumers are bouncing back and spending has returned.
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Rates lift-off brought forward as rebound begins.
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Conditions and confidence rise out of lockdown.
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NAB brings forward rate rise timing to mid-2023; YCC to end in November given the RBA's lack of commitment; QE to end in February.
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1 in 5 Australians believe lockdowns have a very negative impact on mental health, and over 7 in 10 support vaccinated people having more freedoms.
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The NAB Online Retail Sales Index continues to exhibit considerable strength.
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SME conditions fall under lockdowns.
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Cybercriminals are targeting Australian businesses at unprecedented rates, and a strong cyber security program has never been more important.
Webinar
NAB Group Chief Economist Alan Oster talks about the latest economic news. Listen now.
Podcast
NAB re-affirms its 2024 rate call and expects economic activity to rebound strongly as restrictions are eased.
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Restaurants, haircuts and shops are the top priorities for Victorians post lockdown. In addition 2 in 3 are planning to “splurge” once lockdown ends.
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NAB Group Chief Economist Alan Oster talks about the latest economic news. Listen now.
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A series of crises stalled Q3 growth and present downside risk to the outlook.
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Hear from NAB and Industry leaders who share their views on women adapting to change in Regional Australia. Watch now.
Webinar
Turning ideas into a concrete plan that helps to develop, nurture and build your business just takes some careful planning.
Article
NAB Group Chief Economist Alan Oster talks about the latest economic news. Listen now.
Podcast
Reopening in NSW, soon to be followed by the ACT and Victoria, should give retail spending a good kick along in October and November.
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Waiting for the rebound after Q3 lockdowns.
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Confidence rebounds on the back of roadmaps, vaccination.
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Cybercriminals are targeting Australian businesses at unprecedented rates, and a strong cyber security program has never been more important.
Webinar
NAB Group Chief Economist Alan Oster talks about the latest economic news. Listen now.
Podcast
NAB Online Retail Sales Index continued to grow in August, driven by department store sales and three key sales states, NSW, VIC, and QLD.
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NAB Group Chief Economist Alan Oster talks about the latest economic news. Listen now.
Podcast
Alan Oster, NAB's Group Chief Economist, shares his view on the different impacts COVID-19 has had on industries and provide a broader macroeconomic outlook on the Australian economy.
Webinar
Innovative thinking can be key to tackling today’s business challenges. Here’s how you can train your brain to deliver creative solutions on demand.
Article
COVID restrictions hit retail in August, building on existing imbalances in China’s economy.
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A near term hit to GDP before the recovery continues.
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Our data mapping points to another retail sales fall in August.
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Confidence and conditions tick up.
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NAB Group Chief Economist Alan Oster talks about the latest economic news. Listen now.
Podcast
NAB Group Chief Economist Alan Oster talks about the latest economic news. Listen now.
Podcast
We look at how the proposed Australia-UK Free Trade Agreement could mean new import and export opportunities. Watch now.
Webinar
NAB Group Chief Economist Alan Oster talks about the latest economic news. Listen now.
Podcast
Lockdown passion projects spur online sales.
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While Sydney and Melbourne remain a key risk to the outlook, NAB re-affirms its 2024 rate call.
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It looks like being a boom year for mergers and acquisitions. If your client is looking to sell or merge, here’s how to ensure it’s a success.
Article
Household financial stress up on rising concerns over monthly household expenses. There's also a growing economic divide between low & high-income earners, jobless & employed, and fewer Australians believe now is a good time to buy a home.
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‘Build it and they will come’ – that’s the belief that drove Brisbane businessman Justin Montesalvo to grow his bright idea from blueprint to thriving high-end camper trailer maker.
Article
NAB Group Chief Economist Alan Oster talks about the latest economic news. Listen now.
Podcast
NAB Group Chief Economist Alan Oster talks about the latest economic news. Listen now.
Podcast
China’s Delta outbreak likely to slow growth in the near term
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GDP to fall but recovery will resume as lockdowns end.
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NABs data mapping points to retail sales falling substantially in July.
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Confidence and conditions fall further with ongoing lockdowns.
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NAB Online Retail Sales Index accelerated in June, following the May rebound.
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Very strong SME business conditions in Q2.
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Wellbeing up & now at its highest level since 2019. Resilience is building, but wellbeing is falling for the unemployed & low income earners. NSW lockdown a key risk.
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China’s economy grew largely as expected in Q2, but imbalance between production and consumption persists.
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Recent lockdowns look to have dented retail spending in areas hard-hit in 2020, notably hospitality and clothing and footwear.
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Lockdown disruptions but expect recovery to continue.
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Re-Affirming our rate view and an update on the outlook for QE.
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Confidence falls on virus fears.
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Our new podcast series to help small to medium sized businesses make sense of current FX market movements.
NAB Group Chief Economist Alan Oster talks about the latest economic news. Listen now.
Podcast
The NAB Online Retail Sales Index grew in May, after a contraction in April.
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Our new podcast series to help small to medium sized businesses make sense of current FX market movements.
A new phase of growth emerges across the states following a fast rebound.
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NAB Group Chief Economist Alan Oster talks about the latest economic news. Listen now.
Podcast
NAB Group Chief Economist Alan Oster talks about the latest economic news. Listen now.
Podcast
Our new podcast series to help small to medium sized businesses make sense of current FX market movements.
NAB Group Chief Economist Alan Oster talks about the latest economic news. Listen now.
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Good for you, good for your new hire, good for Australia. Bringing a subsidised apprentice on board can be a winning trifecta – here’s how to get it right.
Article
While other businesses battened down the hatches, Locomote co-founders Ross and David Fastuca grabbed a golden opportunity to get back into the travel industry – by buying back their own company.
Article
It’s do or die when it comes to connecting digitally with today’s consumers. With a recent report revealing many in professional services lack a clear digital marketing strategy, we look at what it takes to succeed.
Article
Our new podcast series to help small to medium sized businesses make sense of current FX market movements.
Growth slowing as base effects wash away; consumers continue to lag industry.
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NAB Group Chief Economist Alan Oster talks about the latest economic news. Listen now.
Podcast
NAB Group Chief Economist Alan Oster talks about the latest economic news. Listen now.
Podcast
We look at the rapid rise of Buy Now Pay Later (BNPL) sector.
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Our new podcast series to help small to medium sized businesses make sense of current FX market movements.
Retail trends continue to point to the COVID-induced consumer boom having largely run its course.
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A healthy outlook for the economy beyond the rebound.
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Business conditions continue to boom.
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Australia’s economic conditions are ripe for small and medium businesses to prosper. NAB Business leaders unpack what that might entail.
Article
YCC to end at Apr-24 and QE to be tapered to $75bn.
Insight
Our new podcast series to help small to medium sized businesses make sense of current FX market movements
NAB Online Retail Sales Index contracted again in April, after a revised contraction in March.
Insight
NAB Group Chief Economist Alan Oster talks about the latest economic news. Listen now.
Podcast
People: Our biggest asset & future business owners - sustaining a high performance culture.
Webinar
Our new podcast series to help small to medium sized businesses make sense of current FX market movements.
NAB Group Chief Economist Alan Oster talks about the latest economic news. Listen now.
Podcast
Our new podcast series to help small to medium sized businesses make sense of current market movements.
With life in Australia currently very close to pre-pandemic “normal”, the boom in household goods and department stores has largely subsided.
Insight
Unleashing your creative side can help your small business thrive. Our expert tips show you how.
Article
Improved staff engagement levels can be a real revenue booster – and there’s opportunity for the professional services sector to get on board. Here’s how to start building a happier, more productive workforce.
Article
It’s set to be one of the fastest-growing areas of innovation – and Australia has what it takes to be a world leader. Here’s how we could step on to the digital health global stage.
Article
Encouraging new ideas, fostering value-adding innovation and celebrating an emerging spirit of entrepreneurship is vital if our agribusiness sector is to hit a $100 billion valuation by 2030.
Article
Smaller base effects meant smaller growth rates in April but retail sales are still lagging.
Insight
NAB Group Chief Economist Alan Oster talks about the latest economic news. Listen now.
Podcast
NAB Chair Philip Chronican writes about how Australia has an opportunity to capitalise on its post-Covid advantage and chase the next era of economic growth.
Article
NAB Group Chief Economist Alan Oster talks about the latest economic news. Listen now.
Podcast
Our new podcast series to help small to medium sized businesses make sense of current market movements. This week's podcast includes a focus on inflation and FX implications .
Business confidence and conditions hit new highs.
Insight
NAB Online Retail Sales Index contracted in March, after a revised slight contraction in February.
Insight
Our new podcast series to help small to medium sized businesses make sense of current market movements.
Confidence pulls back from record high, but conditions lift.
Insight
NAB Group Chief Economist Alan Oster talks about the latest impacts of the Coronavirus. Listen now.
Podcast
NAB Group Chief Economist Alan Oster talks about the latest impacts of the Coronavirus. Listen now.
Podcast
What's the economic and financial markets landscape 12 Months on from the onset of the COVID-19 pandemic?
A new podcast series to help small to medium sized businesses make sense of current market movements.
Quarterly data point to weak start to 2021, but signs of consumers returning is positive.
Insight
There are many business opportunities as the economy rebounds. What will it take for your business to return to growth?
Article
2021 is already showing signs that the retail sector is returning to something resembling “normal”, which is likely to see lower retail spending in areas like household goods, electronics and similar sectors.
Insight
Healthy momentum leading into the JobKeeper wind-up.
Insight
Business conditions reach a record high.
Insight
A new podcast series to help small to medium sized businesses make sense of current market movements.
Innovation on the rise as Australian businesses double-down.
Insight
NAB Group Chief Economist Alan Oster talks about the latest impacts of the Coronavirus. Listen now.
Podcast
A new podcast series to help small to medium sized businesses make sense of current market movements.
The NAB Online Retail Sales Index slowed (40.7% y/y).
Insight
NAB Group Chief Economist Alan Oster talks about the latest impacts of the Coronavirus. Listen now.
Podcast
A new podcast series to help small to medium sized businesses make sense of current market movements.
This podcast focuses on the New Zealand dollar – what’s been happening and what lies ahead for the rest of the year.
A new podcast series to help small to medium sized businesses make sense of current market movements.
A diverse workforce is one thing… but it’s cognitive diversity that can truly set your business apart.
Article
This podcast focuses on the Japanese Yen – what’s been happening over the last 12 months and NAB’s forecast.
NAB Group Chief Economist Alan Oster talks about the latest impacts of the Coronavirus. Listen now.
Don’t be fooled by surging annual growth rates – momentum is set to slow across 2021.
Insight
A new podcast series to help small to medium sized businesses make sense of current market movements.
This podcast focuses on the Euro - it's drivers and outlook.
GDP fully recovered by Q1, but spare capacity remains.
Insight
How will consumers respond as 2021 rolls on and the prospect of some kind of post-pandemic normality comes into view via vaccination?
Insight
Business conditions bounce, confidence rises further.
Insight
A podcast that explores how Australian importers managed their foreign exchange strategies during and post the global pandemic.
We all value our time, but some of us feel we are under more time pressure than others.
Insight
The AUD/USD in 2021 – the story so far and what lies ahead?
NAB Group Chief Economist Alan Oster talks about the latest impacts of the Coronavirus. Listen now.
Podcast
NAB Group Chief Economist Alan Oster talks about the latest impacts of the Coronavirus. Listen now.
Podcast
A new weekly podcast series to help small to medium sized businesses make sense of current market movements.
NAB Group Chief Economist Alan Oster talks about the latest impacts of the Coronavirus. Listen now.
Podcast
NAB Group Chief Economist Alan Oster talks about the latest impacts of the Coronavirus. Listen now.
Podcast
NAB Group Chief Economist Alan Oster talks about the latest impacts of the Coronavirus. Listen now.
Podcast
Why using multiple communication mediums to deliver a consistent customer experience and marketing campaigns could see your business prosper.
Article
SME confidence hits a record high as conditions rebound
Insight
GDP growth and the labour market continue to surprise.
Insight
January’s cashless retail result represents respectable growth, following significant volatility late last year.
Insight
Business confidence rises, while conditions pull back.
Insight
NAB Group Chief Economist Alan Oster talks about the latest impacts of the Coronavirus. Listen now.
Podcast
Business conditions improve to multi-year highs.
Insight
Recovery from COVID-19 continues across Australia
Insight
QE to continue, RBA to grapple with ending YCC.
Insight
China’s economy enters 2021 with momentum, but expected to slow across the year.
Insight
China’s consumers finally remerging
Insight
Despite new research showing small to medium businesses are struggling to keep pace with digital transformation with the added challenge of COVID, there are ways to get programs back on track.
Article
NAB senior leaders discuss the economy and the opportunities for business in 2021. Watch the video now.
Webinar
Stronger near-term recovery in activity and a lower peak in unemployment.
Insight
Victorian retail sales are now tracking just behind New South Wales and Queensland on a year ended basis. Western Australia remains the strongest performer, but other states are catching up.
Insight
Further gains as the economy continues to open up
Insight
Adopting a start-up mentality could be the key to innovating and enduring in today’s challenging times, says one of Australia’s best-known entrepreneurs.
Article
COVID-19 deepened the faith business clients have in their accountants. What better time to build that advisory business?
Article
Could a mindset shift help your business power through 2021? Experts say yes, and here are six key ways of thinking to try.
Article
Stronger activity and a smaller hit to unemployment in the near term.
Insight
Office demand hit by increased work from home.
Insight
Consumers gradually returning to the market, with China still reliant on industry.
Insight
After two steps forward, European lockdowns are a step back for the recovery.
Podcast
Our November note updates our analysis for the September quarter, but also takes a closer look at how consumers who withdrew their superannuation funds early have used their retirement funds.
NAB Forecasts fundamentally unchanged – but large uncertainties remain.
Insight
The retail sector has proven to be very resilient this year, although many consumers have changed their spending behaviour, leading to a boom for some retailers and bust for others.
Insight
Business confidence rose to its highest level since mid-2019, led by a large gain in Victoria.
Insight
RBA cuts rates to 0.1% and announces $100bn worth of QE.
Insight
SME Conditions & Confidence better in Q3, but still weak.
Insight
Pathway to profit: how Australia’s agri operators can boost their bottom line through smart thinking and easily achievable changes.
Article
NAB launches a new measure of business wellbeing.
Insight
As they rapidly evolve to meet the challenge of COVID-19, so Australia’s accountants, lawyers and financial service experts have been there to support their clients’ survival.
Article
In our new Consumer Cashlflow Analysis report, we explore the stresses in household balance sheets and hence macroeconomic impacts on consumers spending behaviours.
Insight
A desire for social connection is fundamental to our wellbeing; being deprived of it can pose significant mental and physical consequences.
Webinar
NAB's annual Consumer Health survey of over 1000 Australians provides a unique insight into Australia's health system through the eyes of those that rely upon it - patients.
Webinar
Economic rebound in Q3, but signs that growth momentum is slowing.
Podcast
VIC virus & reduced Government support means flat H2 2020. Larger falls through 2020 mean better 2021. But recovery still tough & long.
Insight
Retail sales have been resilient recently, given restrictions on consumer activity and the large hit to the Australian economy.
Podcast
Record year on year growth, boosted by Victoria.
Insight
Surviving and thriving: advice from an expert on how to turn your business around.
Article
Latest restrictions will hit Victoria’s economy hard, but COVID-19 has impacted all states.
Insight
Global recovery continues but it is uneven and still a long way back to ‘normal’.
Insight
Our internal data point to a moderate decline in July, having stabilised at a surprisingly buoyant level after the rollercoaster earlier this year.
Podcast
Conditions continue to recover, but confidence remains fragile.
Insight
Martin Ross, Head of Transactional Banking at NAB, discusses the enhanced functionality of e-Payables with VISA industry experts.
Webinar
The human touch and an agile response put two very different firms in the driving seat.
Article
Our NAB Online Retail Sales Index data returned to more moderate growth in June.
Insight
The SME sector sees a large COVID hit.
Insight
As we face an uncertain future, there are new approaches to business success.
Article
Why business continuity plans are a must-have.
Article
Global recovery continues but virus outbreaks a major risk.
Insight
New research released by NAB identifies the reform needed to unlock growth for SMEs.
Insight
Our data mapping points to a moderate fall in June, following massive swings in March, April and May suggesting there has been some stabilisation in retail sales.
Podcast
Both business conditions and confidence continued to rebound in June – though it is important to note they are still weak in level terms.
Insight
The NAB Online Retail Sales Index contracted slightly in May, after recording the most rapid growth in the series history in April.
Insight
As COVID-19 restrictions ease, Australian businesses need to regroup and recover – but what will that journey entail and how long will it take?
Article
Podcast: How businesses can lead post COVID-19.
Podcast
Podcast: How can small businesses bounce back from COVID-19?
Podcast
NAB Customer Executive GEC Biljana Nikolova explores the impact of COVID-19 on Australia’s NFP sector with Head of Economics Research Dean Pearson and CEO of Batyr Nic Brown.
Podcast
Long climb back to ‘normal’ levels of global activity has started.
Insight
The Australian retail sector is facing extreme volatility amid a cycle of panic-buying, shutdown and now staged reopening.
Podcast
NAB Online Retail Sales Index rapid growth accelerated again in April
Insight
Julie Patterson, Customer Executive, Specialised Solutions explores Merchant Risk with VISA experts & Allan Goldring, NAB Head of Merchant Solutions
Webinar
New podcast: NAB CEO and Group Chief Economist on how Australia will rise again.
Podcast
As Australians face one of the deepest recessions of the past century, businesses will need to make tough decisions around their human resources. But how will this play out in the long term? And what trends will we see emerge in the new reality that is post-COVID-19?
Article
When lockdown restrictions end, we look into whether less business travel, and more remote working and flexible hours will become the new norms for Australian business.
Article
Jamie Davison, co-founder of accountancy practice Carbon Group, reveals the five steps you should take before submitting this year’s tax return.
Article
The coronavirus pandemic is hastening the digital journey for many Australian businesses, as restrictions designed to slow the spread of the virus put paid to old ways of doing things.
Article
In this webinar we unpack how businesses can improve their controls to minimise the rise of cyber attacks.
Webinar
Biljana Nikolova, Customer Executive GEC explores the implications of the COVID-19 pandemic on Australia’s Education sector with Dean Pearson, Head of Economics Research and discusses with Jack Stevens (CEO, Edstart) how NAB and Edstart are supporting schools and parents during this challenging time.
Podcast
Listen to new podcast: As restrictions ease, how can small businesses rebuild their finances?
Podcast
This webinar looks at innovative ways NFP and Religious organisations can engage their community and increase donations during the COVID-19 crisis.
Webinar
A massive contraction in global activity has occurred due to COVID-19.
Our data mapping suggests that the ABS retail trade measure will fall 5.3% in April.
Business confidence remains very weak despite a rebound in the month.
Insight
Our NAB Online Retail Sales Index data indicates that the rebound in online spend continued in March, with a large jump in sales.
New podcast: NAB leaders unpack COVID-19 business and economic impact.
Podcast
New podcast: How small businesses are surviving COVID-19.
Podcast
Cyber threats soar as offices empty. Here’s how to keep your systems as well as your people safe.
Article
Managing cash flow during the COVID-19 shutdown is the main priority for many businesses. We’ve got simple steps to help your business succeed now and as restrictions ease.
Article
COVID-19 may have dealt the economy a body blow, but quick-thinking Australian businesses are finding ways to repurpose and keep trading.
Article
No state or territory will be spared from COVID-19 economic fall-out.
Hosted by NAB’s Customer Executive for Commercial Real Estate, Lucia La Bella, the webinar includes NAB’s Chief Economist’s view on the impacts now and in the foreseeable future; as well as analysis of the particular challenges facing the commercial property sector and NAB’s support packages.
Webinar
NAB cashless retail sales data for March shows wild swings across industries in response to the Coronavirus crisis.
Global economy in its worst post-WW2 recession, recovery timing uncertain.
Business confidence saw its largest decline on record and is now at its weakest level in the history of the NAB Monthly Business Survey.
Article
SME confidence declines ahead of the COVID-19 disruption.
Webinar
Rural commodities continue to climb.
The implementation of social distancing has meant some businesses are reviewing their customer interactions at the point of payment.
Our NAB Online Retail Sales Index data indicates that there was a rebound in online spend in February.
Our latest transaction insights paper includes recommendations for managing credit card rejections and provides clarity on the credit card authorisation process.
We are providing significant relief to businesses and homebuyers in need, by pausing or deferring payments over the next six months as we all deal with this unprecedented situation.
Article
All businesses need to be aware of how criminals may use the current crisis to target businesses.
Insight
Rural commodities resilient amid COVID-19 crisis.
Our forecast points to a substantial rise in the ABS retail sales measure in February (+0.6% m/m), but there is very little to celebrate.
Fiscal stimulus to support near-term growth, with more likely to come in the May Federal Budget.
World growth to be hit hard in H1 2020 – at least – due to Coronavirus.
Confidence heads lower and Conditions now neutral.
RBA to soon undertake yield curve control, reinforcing fiscal stimulus.
Our data indicates that there was a contraction in online retail sales spend in January relative to December.
RBA to cut in March and again in April.
Uncovering the business impact of the bushfires through the eyes of over 500 Australian SMEs.
Our forecast points to a moderate rise in the ABS retail sales measure in January (+0.2% m/m), following an underwhelming end to 2019.
Special survey on the second round impact of recent bushfires.
SME conditions and confidence edge lower.
Good January rainfall across key agricultural production areas drove the NAB Rural Commodities Index 4.6% higher this month, despite the impact of bushfires and coronavirus.
More of the same in early 2020.
Our NAB Online Retail Sales Index data indicates that, while slowing slightly, growth continued in December.
RBA likely to stay on hold in February – with labour market conditions buying time. But cuts are still coming.
The final monthly business survey of 2019 provides further evidence that activity stabilised in Q4.
NAB Online Retail Sales Index data indicates that volatility continues in sales, with a jump in November sales after contracting in October.
Business innovation falters in Australia as the economy slows.
What does next year hold for Australian business owners? Listen to our podcast for NAB Chief Economist Alan Oster’s 2020 vision on the challenges and opportunities ahead.
Business conditions tracked sideways in the month, and appear to have stabilised at low levels, after declining significantly between mid-2018 and 2019.
Little support from fiscal policy to see further cuts in February and June, with a move to QE in the second half of 2020 a real prospect.
Our NAB Online Retail Sales Index data indicates that after two solid months of growth in August and September, online retail sales weakened in October.
Have you got the entrepreneurial gene? We examine the psychology of business success with Geoff Rohrsheim, who’s built and sold a series of companies, and Andreas Rauch, Professor of Entrepreneurship at The University of Sydney Business School.
After surviving multiple challenges to their market share in recent years, the nation’s wine producers have bounced back and look set to enjoy vintage times.
High cost of water dries up basin profit margins.
Next RBA cut delayed to February 2020, with the risk of further cuts and QE by mid-2020 without fiscal stimulus.
Conditions and confidence each saw a small improvement in the month with conditions edging up 1pt and confidence lifting 2pts – though both remain below average.
After a weak mid-year period, online retail sales continued to grow in September, albeit at a more moderate pace than the significant growth rate recorded in August.
Up close and personal. Is it time your business began connecting with customers in the micro-moment?
Doing it differently. Aussie businesses owners open up about what needs to change in their sector.
Wheat crop cops sharp downgrade amid tough spring.
With growth having slowed in Q2 2019, there appears limited prospect of a turnaround in Q3 – given the relative weakness in business surveys, market expectations and the deteriorating global trade environment.
Business conditions rose 1pt in September to +2 index points. This continues the below average run of business conditions but suggests that the trend weakening since mid-2018 has slowed.
Online retail rebounds after two weak months with the largest spend category Homewares and Appliances being a key contributor, although sales growth for this category has been relatively weak over the past year.
The Australian economy grew by 1.4% over the year to the June 2019, its weakest growth since 2009.
One hundred years of dreams. Meet the Melbourne real estate family who’ve been selling South Yarra since 1919.
Seasonal conditions and declining winter crop forecasts reflect drop in NAB Rural Commodities Index.
RBA to cut in October and again in December, taking the cash rate to 0.5% by year's end.
Global economic growth slowed further in Q2 2019. Major advanced economy (AE) GDP growth declined to its slowest pace since mid-2016.
Both business confidence and conditions declined in the month, with both now at +1 index point – well below long-run averages.
NAB trials new tap-on-phone payments to support small business.
NAB’s inaugural Legal Services Industry Survey offers key insights into what SMEs truly need and value.
Our NAB Online retail sales index data indicates that sales growth was negative in July 2019, following on from an almost flat result in June.
Corporate or consolidated practices. The two trends having the biggest impact on younger GPs.
Resilient cattle and lamb prices sustain flat NAB Rural Commodities Index.
The latest escalation in the US-China trade war has reverberated through financial markets. The policy response will be important - we now expect two further 25bp cuts in the fed funds rate this year. China is also likely to use policy measures to offset any tariff impact, including allowing further depreciation of its currency.
We're seeing below average confidence and conditions. The picture remains unchanged since last month - business sector has lost significant momentum since early 2018 and forward looking indicators don't point to an improvement in the near term.
Our NAB Online retail sales index data indicates that sales growth was negative in June 2019, following on from strong growth in May.
Could the aged care sector’s problems be drawing to a close, paving the way for consolidation and more capital investment?
High-tech trends that will change the way you do business. Three Australian ICT leaders share their thoughts.
Despite an up-tick in confidence, conditions deteriorate.
How digital tools can empower your patients to prevent and manage chronic disease.
A new whitepaper from NAB examines how the Australian SME sector, and the country more broadly, can continue to prosper, and what we can do to support SMEs. Get the full picture.
The NAB Rural Commodities Index rose 0.5% in June.
Indicators in major advanced economies point to a renewed easing in growth for the rest of 2019, driven largely by the US economy. Similarly in Australia, we expect growth to continue at a below trend pace over the next few years.
Confidence kick short-lived, conditions remain below average.
Our NAB Online retail sales index data indicates a return to sales growth in May 2019, after considerable weakness in April.
Cattle markets and southern rain stabilises NAB's Rural Commodities Index
The Bigger Picture – A Global and Australian Economic Perspective – May 2019.
Confidence saw a post-election spike in May but conditions decline further with the private sector continuing to lose momentum.
Believe it or not, working long hours can be bad for business – as well as health. Should you explore the shorter working week?
The sharing economy is going gangbusters and entrepreneurial Australians are securing a slice of the action.
The Bigger Picture – A Global and Australian Economic Perspective – May 2019.
Surprise jump in conditions last month was unwound this month – with business conditions, confidence and forward orders now all below average.
Overall, the NAB Rural Commodities Index rose 1.1% in April, largely reflecting higher cattle, lamb, dairy and cotton prices, offsetting further declines in grain.
Conditions ease further, confidence turns negative
Harnessing digital technology to drive productivity and profits. How new-generation agtech is changing the face of Australian farming.
Deterioration in conditions in most states, with current momentum negative. Household sector weakness evident, investment still ok (outside mining), while agri. facing easing prices and needs rain. Housing sector downturn, population growth centred on the eastern states, agricultural prices easing.
Overall, the NAB Rural Commodities Index fell 2.7% in March, largely reflecting lower cattle, grain and fruit prices.
NAB’s view is that prices will decline further over the next year or so - led by further declines in Sydney and Melbourne. We also see the adjustment continuing in an orderly manner, with prices remaining well up on 5 years ago.
Technology is changing the way accounting professionals work and the relationship they have with their clients. Cloud accounting business specialist Lielette Calleja shares the secrets of her own success and suggests ways to make the most of continuing transformation.
Conditions rise while confidence continues a below average run.
Overall, the NAB Rural Commodities Index gained 0.2% in February – “above water” only due to strong gains in fruit and vegetables, dairy and to a lesser extent wool and sugar.
The bigger picture – A global and Australian economic perspective.
Business conditions fell by 3 pts to +4 index points in February, driven by declines in profitability (now +1) and trading (+8) sub-indexes. Employment was unchanged at +5. Confidence fell 2pts in the month to +2 index points.
Growth capital is more important than ever. But while we’re seeing new and innovative forms of funding stepping up to meet this need, it’s clear small and medium-sized businesses must step up too.
Avante Medical founder Scott Crawford outlines the high-tech issues of the moment – and the near future – for Australia’s $137 billion healthcare sector.
Year of the Pig brings an uncertain outlook
The bigger picture – A global and Australian economic perspective.
Confidence and conditions continue to ease
Overall, the NAB Rural Commodities Index was up 0.5% in December but down 1.1% in January.
Business conditions saw a moderate rebound in January after falling sharply in December.
Conditions end the year on a concerning low.
Agribusiness Customer Executive Neil Findlay shares some useful examples of how dairy farmers are planning ahead.
The Propel program helps Australian technology start-ups take on the world. Apply now to spend 10 days in the US building networks, meeting investors and absorbing the ways of Silicon Valley.
Turning 40: Charting the rise of China since reform and opening up
The NAB Rural Commodities Index fell 2.0% on a month on month basis in November, mirroring a 2.0% gain in October.
Good advice that you just have to take... six entrepreneurs share the words of wisdom that helped them turn their ideas into thriving businesses.
The Weekly delves into trends in profitability following the release of ABS quarterly Business Indicators data,
Total NAB customer spending grew 7.0% y/y in Q3 2018 - up from 5.6% in the previous quarter and 3.0% in the same quarter a year ago.
The NAB Cashless Retail Sales Index gained 0.8% in October on a month-on-month basis, rebounding from a much weaker 0.2% in September.
Hands in pockets: Chinese consumers are confident but that doesn’t show up in retail sales data
Wherever you look, the future is about technology – the way we invest, care for our health and even how we grow our food. We take a look at where technology might take us in 2019.
On a rolling quarterly basis, dwelling values are now trending lower across both the combined capital city regions, where they were 1.6% lower, as well as across the combined regional areas of Australia where values were almost 1% lower.
Confidence and conditions ease.
The NAB Rural Commodities Index rose 1.8% in October, following a 6.5% jump in September.
In seasonally adjusted terms, at 0.3%, online retail sales slowed in September. The 12 months to growth rate is also slower.
Small and Medium Enterprise (SME) business conditions edged lower in Q3 2018 to +11, while SME business confidence fell to +2pts. While conditions have eased over the past two quarters, they remain well above average, though confidence has declined to below average levels.
The business conditions index decreased 2pts to +13 in 2018 Q3, but remains well above its long-run average. Business confidence also fell, declining 4pts to +3 index points, a little below its historical average.
There are good reasons to join forces with like-minded medical practitioners – but there are challenges to consider, too. NAB Health’s Tim Daha and Stephen Power take a look at the pros and cons of corporate medicine.
The Australian housing market continued to weaken over the month, with national dwelling values falling 0.5% in September, marking twelve months of consistently falling values across CoreLogic’s national hedonic home value index.
A Victorian couple have turned their vision for a southern US-style barbecue restaurant with a good heart at its core into a fast-growing business.
Keen to expand your business’s global footprint? If so, there are compelling reasons to consider heading to the UK, especially if you own a tech start-up, with an exciting new competition just launched.
Business conditions seem to have stabilised at high levels in recent months following some sharp falls earlier and the dip in confidence last month appears to have been temporary.
Online sales growth slower over the month and year
When BJ Plummer was handed the reins of acclaimed Tasmanian smoked seafood producer Woodbridge Smokehouse, he was instructed not to ‘mess around’ with the brand. We spoke to Plummer about his strategy, which has seen export revenue grow a whopping 1,300 per cent in just three years.
In an increasingly risk-averse and security-conscious world, Martin Lazarevic had an idea – to revolutionise the police check process. He now heads a $14m business recording stunning annual growth.
A small change in the way you think about motivating your team could have a big impact on results. We count down the power of understanding and acting on your people’s autonomy, mastery and purpose.
China’s consumers aren’t ready to drive the economy’s growth.
The NAB Cashless Retail Sales Index gained 1.1% in August on a month-on-month basis, following a gain of 0.7% (revised) in July.
The bigger picture - a global and Australian economic perspective.
Rutherglen’s Campbells Wines has lived through the global rise, fall and resurrection of the Australian wine industry. Current head of the winery Colin Campbell discusses how this fifth-generation business structures itself for export success in the 21st century.
We shine a light on the ongoing innovation efforts of Australian business.
A strong first half and easing downside risks.
The business conditions index rose by 2pts to +15 index points in August, recovering some of the ground lost in recent months. Business confidence fell 3pts to +4 index points and is now below average.
Another decent outcome.
The last month of winter saw the housing market correction deepen, with dwelling values falling across five of Australia’s eight capital cities. CoreLogic’s national index was down three tenths of a percent over the month taking the cumulative decline since values peaked in September last year to 2.2%.
Online sales growth on par with June, faster over the year
Total NAB customer spending grew 5.6% y/y in Q2 2018, down from 6.8% in the previous quarter and 3.9% in the same quarter a year ago. It grew faster in metropolitan (6.5%) than regional (5.1%) areas.
Our expectation for the Australian economy is that GDP will increase by just under 3.0% in 2018 and 2019.
Vision, teamwork and a passion for producing the perfect pie have helped the Porter family transform the old Yatala Pies pie shop into a baking powerhouse.
Passion, history, ambition. There can be many reasons business owners follow their dream. We asked five company heads to explain their ‘why’.
Consumer anxiety up steeply in Q2. Overall spending tightens as concerns about the economy and our household financial positions grow. Spending on utilities a key expense, and growing.
The NAB Cashless Retail Sales Index gained 0.9% in July on a month-on-month basis, following a gain of 0.5% in June.
China’s trade relationship with the European Union.
The global boom in SMEs in a world hungry for quality Australian goods and services is creating opportunities for local businesses prepared to look beyond their own backyard.
Global growth appears to have remained above average through the first half of 2018, but with our leading indicator pointing to a moderation in coming quarters, we think that this will represent the peak for this cycle.
Last month we saw our national index move through the tenth straight month of falling home values.
An unchanged economic outlook, but downside risks building.
The business conditions index fell by 2pts to +12 index points in July, continuing its run of declines since April. Business confidence ticked up 1pt to +7 index points, an around average level.
Lawyer turned whisky distiller Cameron Syme pioneered the whisky-making industry in Western Australia when he launched his business more than 10 years ago. His goal? To make the best single malt in the whole world.
In seasonally adjusted terms, at 1.2%, online retail sales slowed in June. The 12 months to growth rate is also a bit lower.
Business conditions ease slightly.
We’ve listened and we’ve announced three ways we will serve our regional and rural customers better.
Aged care is a sector that’s been under the microscope for years. But while it has faced real challenges, its future now looks bright.
At NAB we see the amazing opportunities ahead for our key sectors – from health to agriculture, education to community – and are determined that our country’s small and medium sized enterprises, our country’s engine room, can embrace them.
With almost one in three Australian agribusinesses banking with NAB, we’re pleased to share our plans for delivering better service for all our regional customers.
The NAB Cashless Retail Sales Index gained 0.5% in June on a month-on-month basis, following gain of 0.6% in May (revised from 0.8%).
The global economy remains in reasonable shape right now despite some pressures on Emerging Market economies.
CoreLogic’s national housing market index showed a remarkable reversal in housing market conditions over the past year.
Participants in the Professional Services Awards receive independent, verified feedback from their clients, not to mention publicity and a morale boost if they win. Entries open this month and, with a fast and easy application process, there is no reason for your firm not to join.
The NAB Residential Property Index fell sharply in the June quarter 2018, down 17 points to +6 to sit at its lowest level since mid-2016 and well below its long-term average (+14).
Forecasts broadly unchanged but new risks to watch.
The business conditions index ticked up by 1pt to +15 index points in June, after easing in the previous month. The business confidence edged down 1pts to +6 index points, to be around its long-run average level.
Thanks to social media, more people are pursuing the job they want, where they want it. Those who prefer country living no longer have to wonder why they’re going to work in the city each day simply to pursue a dream career – as this rural film-maker recently discovered.
From the beginning, Alex Tomic and Nik Mirkovic knew they wanted to think big, and to think global.
Helping out a local sports team with sponsorship can build strong relationships with potential customers – pharmacist Silvana Gittani bet her marketing budget on it. Her success proves how many business, regardless of size, can use strategic marketing to engage with their community and forge lasting business ties.
NAB’s USD non-rural commodity price index declined by over 3% q/q in Q2 2018. This only partially reversed the large gain made in the previous quarter and, as a result, it is still 7.5% higher than a year ago. The fall in Q2 mainly reflected a decline in iron ore and metallurgical coal prices, although LNG export prices – linked to the price of oil – rose.
NAB Online Retail Sales Index (NORSI) slowed slightly in May (+1.2% mom s.a.) from stronger growth in April (1.6%). 12 months to growth was also slower in May, with sales up 17.2% compared to April’s 12 month to growth of 18.4%. While slowing, trend online retail sales is still much stronger compared to the same period a year ago.
Business innovation levels rebound; leadership pivotal to growth.
The NAB Cashless Retail Sales Index gained 0.8% in May on a month-on-month basis, following a flat read in April (revised from -0.6%).
An ‘e’ prefix tends to indicate a technological leap forward, and that’s certainly the case for ‘eHealth’. It’s helping patients manage their own health and changing their relationship with healthcare providers. So, where does that leave your bottom line? NAB’s Cameron Fuller examines the impact of technology and contemplates potentially profitable new business models.
Real GDP figures showed a pick-up in growth to 1.0% in Q1 (from 0.5% in Q4) lifting growth to 3.1% over the year.
Nationally dwelling values continued their downwards trend last month; the seventh consecutive month on month decline since the national index series peaked in September last year.
The business conditions index decreased by 6pts to +15 index points, easing back from the historical highs seen in April. The business confidence index fell by 5pts to +6 index points, to be around its long-run average level.
GDP Growth rebounded in Q1, supported by the household and government sectors and export growth.
The NAB Rural Commodities Index gained 3.1% month on month in May after falling 2.8% in April. On a year on year basis, the index was down 4.4% in May. The monthly gain reflects strong grain, horticultural, dairy, wool and cotton prices.
Home ownership is a key to wellbeing according to new research from NAB
NAB Online Retail Sales Index (NORSI) accelerated in April (+1.4% mom s.a.) from stronger growth in March(1.1%).
Australia is a high performer in academic research – yet when it comes to commercialising that research, we rank last in the industrialised world. It’s time for change, says the Chairman of NAB.
My ‘whys’ haven’t changed over 25 years at NAB. I’m still driven by the impact economics has on our lives and the importance of delivering independent analysis that helps people and institutions make better decisions.
Total NAB customer spending grew 6.8% y/y in Q1 2018, up from 5.0% in the previous quarter and 2.0% compared to the same quarter a year ago.
Do you own a small business that’s selling overseas or importing products and equipment into Australia? Trade finance can help you make the most of opportunities without tying up your valuable working capital.
Joining innovation hubs, considering alternative funding options and building courage in investors are all paths to a greater entrepreneurial network in Australia, according to business leaders.
First 25bp increase now expected mid-2019.
Rising to the challenge of parenting four children with Type 1 diabetes prompted Elissa Renouf to found Diabete-ezy, a rapidly expanding business whose products help other sufferers manage the condition. We spend a day with her in export and expansion mode.
Australians rate restaurants, movies and travel as the most positive experiences their money can buy, according to new research from NAB.
Nationally dwelling values continued their downwards trend last month; the seventh consecutive month on month decline since the national index series peaked in September last year.
The NAB Cashless Retail Sales Index was weaker in April, down 0.6% on a month on month basis in March.
A big order could completely transform your business but there’s a limit to how much anyone (or any small business) can handle. BDO partner Dr Mark Pizzacalla and Total Image Group CEO Pamela Jabbour discuss preparation, parameters and being strong enough to say ‘no’.
Biometric authentication is being rolled out across various industries – and the possibilities feel endless.
Keen to export to Asia? Make sure you understand what’s involved and how best to prepare.
In seasonally adjusted terms, at 0.9%, online retail sales accelerated in March. The 12 months to growth rate is however a bit slower.
Business conditions at record levels.
With 1.2 million visitors injecting $10 billion into the Australian economy each year, and almost one third of our international students now coming from China, Chinese custom is big business. Alibaba Australia’s MD explains Alipay.
The skills you learn around the board table could have a big impact on the way you run your business. Here are six of the benefits.
Total NAB customer spending accelerated to 5.0% y/y in Q4 2017, from 3.0% y/y in the previous quarter with spending growth up across all metropolitan and regional areas.
Roza’s Gourmet head Jasmin Robertson grew up immersed in her mum Roza’s sauces business. Though she passed away almost 17 years ago, her mum’s passionate food philosophies – and recipes – remain at the heart of the booming business. We spoke to Jasmin about her mother’s enduring business legacy.
Daylight, a sense of space, a natural outlook… architecture professor Julie Willis on how Australia is taking up the ethos of beautiful hospital design.
Heading overseas isn’t the only way to grow your business. Here are five ways to consider pumping up your revenue on home ground.
Fitting out or refurbishing a work space? It’s a big outlay. These tips can help you spend wisely.
From a lick of paint to renting out rooms – 10 ideas on boosting the value of your own building.
Do you own an expanding small business? Here are some tips to get more talent on board without sending your direct costs soaring.
Insights into the mindset of Australian consumers – anxieties around future spending and savings plans, household finances, the economy, financial concerns & how these are impacting spending behaviours and levels of financial hardship.
Business conditions strong and businesses have their say on tax.
Setting goals can drive business success – but it doesn’t come naturally to many small business owners. Consultant and author Stephen Barnes shares tips on how to get started, how to set effective goals and how to motivate your staff to reach their targets.
From June 14 to June 25, I’ll be leading NAB’s 2018 Agribusiness Japan Tour. If your business involves cattle farming, sheep farming or horticulture and you’re interested in the connections, insight and strategies being used to succeed in Asian markets, I encourage you to join me.
What is it that drives, creates and sustains great business growth? Four leaders with business growth in common share what lies behind their success.
Melbourne-based start-up Culture Amp is flying high after raising $36 million. So how did they manage it?
Based on responses from the March 2018 Quarterly Business Survey.
The NAB Cashless Retail Sales Index grew 1.2% on a month on month basis in March – slower than January or February.
Agromin Australia is expanding its exports by sticking to what it knows best – pulses for the Indian subcontinent. Owner Rajni Patel explains how the company is cornering a larger and larger share of the market for Australian farmers.
Beef producers are outperforming other industries in adding to Farm Management Deposits (FMDs), with the national balance expected to break another record this financial year.
Hear from Khan Horne, GM Agribusiness, NAB about what he is seeing across the beef sector, what to expect during Beef Australia 2018, and how NAB is supporting the industry generally and on location at Rockhampton – 6-12 May.
Their big break: transformative moments for some of history’s best-known products.
Two Australians – a doctor and an engineer – launched the ‘private healthcare in tough conditions’ industry and grew a business that now fights Ebola and runs warzone hospitals.
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.
The NAB Rural Commodities Index gained 3.0% month on month in March, its second consecutive rise.
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.
She set up her business aged just 21 and now runs the largest privately owned uniform company on the east coast of Australia. We meet Pamela Jabbour of Total Image Group.
Business conditions come off the boil, but still hot.
More Aussies are opening their wallets to charity, says NAB report.
Making wine is a very personal venture for this Barossa Valley-born and bred artisan combining two passions in his small-batch business.
The NAB Residential Property Index rose 3 points to +23 in the March quarter 2018 and remains well above its long-term average (+14).
The trends reshaping health and the future implications for the Australian marketplace.
NAB Online Retail Sales Index (NORSI) slowed in February (+0.8% mom s.a.) from stronger growth in January (1.6%).
The trends reshaping health and the future implications for the Australian marketplace.
Think charitable giving is the only way to make a valuable difference? Think again. You can now use your investments to help effect social and environmental change, with increasing opportunities to back projects that promise to address our world’s most pressing issues.
Online dermatology consults for rural Australians… how a ground-breaking new Teledermatologist platform is delivering specialist care to rural and remote patients.
The NAB Cashless Retail Sales Index continued to improve into February, a welcome trend after the weak sales experienced at the end of 2018.
Gunning it in the gig economy: how Deliveroo Australia boss Levi Aron sets the pace in a business that never sleeps.
Financial market volatility has eased since the US equity market correction in late January but a range of geo-political and market events could trigger another bout of uncertainty.
The trends reshaping health and the future implications for the Australian marketplace.
The business conditions index moved 3pts higher to +21 index points. This is a record high since the monthly survey commenced in March 1997, although the same measure in NAB’s quarterly survey reached this level in 1994.
Nationally, dwelling values recorded their fifth consecutive monthly decline in February, taking the value of housing 0.8% lower since the market peaked in September last year.
Fourth-generation Australian winemaker Colin has spent 50 years among the vines and says there’s no place on earth he’d rather be.
Watching women’s disappointment when she prescribed therapeutic shoes for their problematic ankles and feet inspired Brisbane podiatrist Caroline McCulloch to create a range of footwear that’s as stylish as it is comfortable.
Seeing the benefits her care provides for patients has been the driving force behind 30 years in private practice for North Parramatta Physiotherapy & Sports Injuries principal, Mary Knapman.
Creating a place that makes customers feel as good as the food tastes has been the driving force behind Harvest, the Newrybar deli/bakery/restaurant three friends bought and transformed into a destination dining experience.
New research challenges old adage – can money buy happiness?
Australia recorded subdued economic growth in Q4, with the detail painting a mixed picture.
Australian GDP, Lowe speaks as does Fed’s Brainard. ADP and Bank of Canada tonight.
The award-winning Arnhem Land Progress Aboriginal Corporation has created jobs in some of Australia’s most isolated communities. CEO Alastair King explains how ALPA is creating the jobs that are key to building successful communities in remote locations.
NAB Online Retail Sales Index (NORSI) rebounded strongly in January (+1.5% mom s.a.) from a revised contraction (-1.8%) in December.
NAB economics changes cash rate view to one 25bp increase in late 2018.
Accountants should be reassured that most SMEs view them as trustworthy. Yet, at the same time, they may wish to reconsider how they can better help their business clients. NAB’s inaugural Australian Accounting Industry Survey offers telling insights into what accountants are doing well – and where they could better respond to what their customers need and value.
The NAB Cashless Retail Sales Index shows improvement in January following a weak December.
Chatbots are ready to answer questions 24 hours a day – a big plus when you’re talking health or finances. Dana Bradford, senior research scientist at CSIRO, and NAB’s head of innovation Jonathan Davey discuss how conversations with machines could make life easier.
Stability in financial markets over 2017 and early 2018 came to abrupt end in recent weeks, with a surge in market volatility and big falls in equity markets and prices for many commodities.
Five years since switching from winemaking to vinegar-making, Ian Henderson has gone from being a one-man start-up to opening a multimillion-dollar world class facility to keep up with international demand.
The calm in financial markets for much of 2017 and into early 2018 recently came to an abrupt end with a surge in market volatility and big falls in share prices.
Strong improvement in SME business conditions in Q4 2017, while confidence retreated a touch.
CoreLogic reported further slippage in dwelling values over the first month of 2018, with national dwelling values recording their second consecutive month on month decline. After dwelling values held firm in October and November, they slipped by a third of a percent in both December and January to be down 0.7% from their peak.
Fond childhood memories combined with a holiday hitch inspired Justin Hales to create Camplify, the fast-growing caravan-sharing startup proving a winner in Australia and now taking on the UK.
Elevated business conditions & confidence point to a robust business sector in Australia at present.
With a 60-year domestic and international success story already behind them, it comes as no surprise that family-run Nolan Meats has very definite ideas about how to launch a successful push into the Asia Pacific region.
After half a century in business, Geoff Slade has learnt a thing or two. Here he shares seven truths about what it takes to make it in the business world.
NAB’s Consumer Anxiety Index* was basically unchanged in Q4 2017 at near survey lows with job security causing Australians the least stress, consistent with a strongly improving labour market.
Observations from the OurCrowd Summit – how crowdfunding is creating opportunities for high-tech entrepreneurs and investors.
In seasonally adjusted terms, at -2.2%, online retail sales contracted in December, the largest since November 2014. Looking through the month to month volatility, while the trend is still positive, it has again slowed.
Sentiment towards Australian housing market positive in Q4, but confidence wanes. NAB’s view for 2018 largely unchanged, but degree of moderation ramped up.
Confidence lifted to narrow the divide with business conditions, indicating a strong business sector in Australia at present.
After two years of dead-end phone calls to Asian supermarkets, Lively Linseed’s Jacqui and Chris Donoghue overcame the challenges to find direct-export success.
The NAB Cashless Retail Sales Index shows a slowdown in December following a strong November.
Fleur Studd and Jason Scheltus saw a gap in the Melbourne coffee market for a quality speciality coffee product that could be traced back to its producers.
Japan is arguably Australia’s most important Asian ally, and its large market of wealthy consumers is a natural target for Australian businesses selling high-quality goods and services. Here are some tips to help you establish successful business relationships.
In 2009, Sheryl Thai had just started a business and was like any other fledgling entrepreneur: hard-working, idealistic, passionate. Yet she felt alone. What she did next became the basis of a movement that’s helped thousands of women across Australia find their business voice: the League of Extraordinary Women.
Could you get more value from your financial services provider? If you only ever talk tax, you could be missing out. Stannards’ Marino Angelini explains changes in the health practice and accountant relationship and why wealth building, cost cutting and asset protection should all be part of the service.
What will the new year bring in the world of business trends? Whether it’s health or agriculture, hyper local advertising or self-trained artificial intelligence, NAB has one eye on the (crystal) ball.
NAB Online Retail Sales Index (NORSI) accelerated strongly in November(+4.7% mom s.a.).
The NAB Cashless Retail Sales Index shows strong growth in the month of November (1.6% mom).
Uneven flows – how distortions in China’s data paint a very different picture of global trade.
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.
Last month’s surprise spike in business conditions was more than unwound in November, although that was partly expected.
The inaugural NAB Professional Services Awards winners were announced on December 12. The awards celebrate the small and mid-sized professional service firms that consistently add value to Australian businesses.
Last month’s surprise spike in business conditions was more than unwound in November, although that was partly expected.
Passion, persistence and cash flow… hipages co-founder David Vitek shares his formula for turning a shoestring start-up into a profitable business.
Jim Barry Wines says there’s no need for Aussie agri brands to compete against each other – all have a place in a modern consumer’s diet.
The craft beer industry has exploded in Australia. Four brewers explain what’s driving demand, where the sector is headed and what others entering the industry might consider.
Business and government led growth
Australia’s GDP continues to grow in spite of subdued wages growth and consumer spending. Gaining a greater understanding of how these contradictory trends break down across regional and metropolitan areas, as well as consumer spending categories, is behind NAB’s expansion of its Consumer Spending and Cashless Retail analyses.
NAB Online Retail Sales Index (NORSI) rebounded in October(+1.5% mom s.a.) from a contraction in September (-0.5%).
A shopfront to the world: how Amazon’s arrival could spell opportunity for Australian retailers.
How an unemployed single father turned his life from anxiety to a $6 million success story.
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.
Moving to a regional town might seem a career-limiting step but for entrepreneurial Australians with an eye for untapped market opportunities the opposite can apply. Business View meets two former city-slickers achieving success in country Australia.
Business conditions hit an all new high in October.
Explaining subdued US and Australian wages growth.
CoreLogic’s national Home Value Index held steady in October, confirming a cooling trend in housing market conditions.
There were very few consistent themes across the commodity complex this quarter.
Changing of the guard - what does China’s new leadership mean for its economy?
Online sales contract in the month, also slower over the year.
Insights into the donating behaviours of Australian consumers
SME business conditions and confidence both improved in Q3.
Vincent Garvey had no experience of dialysis – but his prize-winning invention is on track to save millions of lives.
Could Australia be on the cusp of a start-up boom? Economic and social shifts mean the concept may not be as far-fetched as you might think.
Threats like the recent global WannaCry and Petya ransomware attacks are a good reminder of why it’s important to ensure your business data is safe, by confirming your computer’s security updates and patches are up to date, and backing-up your business data regularly.
What does it take to run a successful rural pharmacy? Two business owners – including the winner of this year’s Pharmacy Guild of Australia’s Pharmacy of the Year Award – discuss the challenges and rewards of working in a small town.
NAB’s proprietary indicator of Australian retail sales, the NAB Cashless Retail Sales Index, reveals a rebound in spending in the month of September.
Turning IP into profitable products: WA start-up Wangle Technologies has the lucrative network security market in its sights.
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.
It’s not just nutritional benefits and old-fashioned happiness behind the Sunny Queen egg story – the company’s embrace of digital marketing includes giving an egg its very own blog. The strategy is working.
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.
Repurposing an old tool – a new life for the Required Reserve Ratio.
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.
Artisans of Barossa, a collaboration of six winemaker mates, was born following a business growth decision to band together under the one umbrella brand. The result has been a host of benefits for both the individual business owners and their beloved wine region.
Business conditions are strong, but retail is still a significant concern.
Over 130,000 Australian business owners will benefit from a complete overhaul of NAB’s existing business standard loan form contract.
Online sales accelerated over the year and month.
In just a few years, Marie Piccone has revived the fortunes of three mango plantations and the once-renowned Manbulloo brand. A careful strategy built on meeting customers’ demands is what got her there.
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.
Winter is over and you’re no longer interested in hibernating. Time to try an extreme sport.
Consumers spending their disposable dollars on experiences
Traditional law and accounting firms need to take a hard look at their business models and ways of pricing, or they risk getting left behind. The man who brought the term NewLaw to the world and has researched and written extensively on the subject gives five pieces of advice.
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.
With technology developing at an unprecedented pace and customer expectations constantly evolving, business survival is dependent on understanding and adapting to this changing landscape.
Australia’s next phase of growth must be defined by ideas, creativity and execution. Our future lies in our ability to foster a culture of innovation. But how do we measure innovation across all sizes and types of business?
At last count, the Australian pet industry was estimated at $8 billion. Business View looks at the changing nature of pet ownership and talks to three businesses tapping into the trend.
The latest housing market results showed dwelling values held firm nationally.
RBA to remove some emergency accommodation in 2018.
Business conditions are strong. Confidence takes a hit. Some signs of inflation pressure.
Online sales growing over the year, slight slowing in the month.
Australian fashion house Misha Collection has risen to international status within the space of three years. Fundamental to its success has been the approach of its founder, Michelle Aznavorian, a 27-year-old who has put her personal brand at the core of the company’s strategy.
Skills shortage holding back Australian business.
Transforming your payments system doesn’t have to hurt and can in fact save time and increase efficiency, as Perth’s Wesley College found out.
Under the pressure of managing day-to-day responsibilities, successful business owners don’t always realise they may also be in a position to build a property portfolio.
Student mental health on the agenda for schools.
Life after a business sale? What Antonio Cerqueira, founder of Oporto, did next.
What was the moment that mattered? Paul Blackburne, Managing Director of WA property firm Blackburne, and Gen George, Founder and Managing Director of employment sites OneShift and Skilld, tell their stories.
As Australia’s most important trading partner, China is one country your business probably shouldn’t ignore. We share tips to help you get started.
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.
No imminent return to “neutral”
Cutting the amount of time workers spend on administrative tasks can mean big benefits for a business’ bottom line. Yet for SMEs, honing processes like expense claims often have to take a back seat to building the business. Or do they?
Conditions continue their strong run, bolstering business confidence.
Retail glimmers of light in a competitive landscape.
Online sales still growing, albeit slower over the month and year.
SME business conditions eased in Q2 while leading indicators remained mixed.
NAB Group Chief Economist Alan Oster says that commercial property sentiment continues to vary widely by sector.
What character traits do you need to succeed as an SME today? Some results may surprise, according to a new report released by NAB.
The NAB Cashless Retail Sales Index is a new product which provides timely proprietary data on a major part of retail spending in Australia.
While almost half of SMEs are set to expand in the coming years, they’re feeling the pressure of competition, according to a new report released by NAB.
Revisions to real GDP growth forecasts this month largely reflect a stronger than expected rebound in coal exports following disruptions from Cyclone Debbie in Q1. Further out, we have not fundamentally changed the tone of our outlook.
Following a slow start to the year, GDP growth looks to have accelerated in the June quarter.
Global upturn remains in place despite the risks.
Australian housing market sentiment (measured by NAB’s Residential Property Index) fell noticeably in the June quarter after climbing to a 3-year high in March.
Fifteen years ago, two separate groups of enthusiastic investors and abalone farmers set out to secure a footing on the global stage. It wasn’t until they joined forces in 2008 that everything changed and the farms, within the space of nine years, went from individual 70-tonne entities to being the biggest producer of abalone in the southern hemisphere.
Business conditions hit another multi-year high, with most industries performing well. Stronger trading conditions (sales) and profitability drove the improvement, while employment conditions were steady.
Get the latest monthly update on housing market conditions around Australia.
Australians reported a further improvement in the quality of their lives in the March quarter.
What was the moment that mattered? Adam Hilton, Managing Director of Noisy Beast, Media Manoeuvres' Sam Elam and Co-Founder of Appster, Mark McDonald tell their story.
Customer satisfaction, becoming a viable business and surviving tough economic conditions are the top three moments that matter for Australian SMEs, according to a new report released by NAB. And while almost half of SMEs are set to expand, they’re feeling some pressure.
Digital transformation on a shoestring opens options for residents, frees up staff and provides big benefits for Brimbank City Council, an organisation focused on delivering for its community.
In a changing world, success increasingly comes to those who can devise the most creative solutions to pressing problems. Here we profile seven books to help you reset your thinking, up your flow and tap into your inner creative.
The gruelling task that moving house can be was the inspiration for the online marketplace startup that’s now grown to be a household name and is attracting big investment. Business View spoke to the co-founders of Airtasker, Tim Fung and Jonathan Lui, about their journey.
A bounce back in the healthcare sector in early 2017 has experts confident the sector is only primed for further growth. KOSEC founder Michael Kodari reports.
Many farmers take control of their supply chain but few market the benefits to customers as successfully as Australian Grain Link. Over the past 16 years this strategy has helped them carve out lucrative specialty niches that show no signs of shrinking.
For Oporto founder Antonio Cerqueira, it was finding the right partner. For entrepreneur Anthony Janssen, it was working on his business, not in it. For Girl Geek Academy co-founder and CEO Sarah Moran, it was backing herself. What was the moment that changed them? Three business owners tell.
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.
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.
As Australia embraces digital, the business services sector is booming. Nimble and tech-savvy service providers are helping businesses reach their customers by bridging the gaps.
Australian economy ekes out modest growth in Q1
Business conditions remain elevated, but confidence pulled-back from multi-year highs.
After a slow start to the year, early indications for June quarter GDP are pointing to an acceleration in growth.
With far-reaching changes to super just around the corner, business owners need to understand what they will mean to them – before July 1.
Australian SMEs are confident of the future, with two thirds of millennial SMEs in particular set to expand their business over the next three years, according to a new NAB white paper released today.
From Arianna Huffington, Daniel Goleman, Randi Zuckerberg and more, we share the most insightful quotes from the speakers of World Business Forum 2017.
Former Facebook marketing director Randi Zuckerberg shares her views on why everyone is an entrepreneur, why every company should do hackathons and why failure is just the start of success.
There is a strong business case for diversity beyond legal and moral imperatives. Our panel moves beyond the rhetoric to explore how to bring diversity to life.
Wikipedia founder Jimmy Wales on why he’s good at failure, the need to protect information integrity and what he’s about to launch next.
Disruption is impacting both businesses and communities. But there are greater opportunities for business to solve for both. Professor Ian Williamson of Melbourne Business School shares his insights.
From the man who gave the world the EQ revolution comes new thinking on how today’s leaders can embrace connectivity to win in a world of flux and change.
There is no trade off between wellbeing and business metrics. We’re at a turning point in terms of how we prioritise what matters in business and our own lives. Arianna Huffington shares her insights on how to thrive.
“It’s not called failing any more, it’s called learning”: Mohanbir Sawhney, Professor at the Kellogg School of Management, details the concept of agile innovation and shares three ways in which businesses can transform to become agile innovators themselves.
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.
Online sales slower over the year, contract in the month
The world is changing rapidly and companies need new approaches to master the new environment. Rosabeth Moss Kanter of Harvard Business School shares her insights.
Simplicity is about perception, authenticity and doing fewer things better. Former Apple creative director Ken Segall reflects on his time at the tech innovator to explain why simplicity is also the foundation of great business practice in today’s complex world.
Ken Segall is the author of the bestselling book Insanely Simple.
Hear powerful insights and fresh perspectives from some of the world’s leading business success stories. Use Chrome if you are having trouble viewing video. * As this will is a live broadcast, commentary cannot be made here. Follow @#WOBISydney on twitter.
Rosabeth Moss Kanter holds the Ernest L. Arbuckle Professorship at Harvard Business School, where she specialises in strategy, innovation, and leadership for change.
Mohanbir Sawhney is a globally recognised scholar, teacher and consultant in business innovation, technology marketing and new media.
Arianna Huffington is the founder of The Huffington Post
The peak in the housing construction boom is approaching. 'Oversupply' of apartments warrants close monitoring, although various industry constraints will provide an offset.
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).
A slow start to the year…again.
Now in its 6th year, the index highlights trends in giving and helps inform charities’ fundraising strategies.
Get the latest monthly update on housing market conditions around Australia.
Labour market outlook to improve.
Corporate social responsibility sounds like an excellent idea but in practice it often goes straight into the too-hard basket. Here’s how taking your staff away from the daily grind can save your business in all the ways that matter.
More for business customers and regional areas, but will the promise of red tape being cut ever be realised? Budget 2017 insight.
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.
Online sales faster in the month but slower over the year.
Hard work and hustle have helped Melbourne cousins Ross and David Fastuca secure a string of corporate customers and win multi-million dollar backing for Travelport Locomote, their travel platform.
Conditions were again strong in essential services including health, property, finance, transport and business services.
Sentiment in commercial property markets continues to vary widely across states.
Australians remain highly anxious. While having more money might solve some of our concerns, it would do little to solve some of the biggest detractors of wellbeing. But, it could help close the “wellbeing gap” between high and low income earners.
Headline CPI picking up in 2017.
New healthy food trends favouring scratch baking and organic and raw produce have created a resurgence of interest in traditional pantry staples, and ingredients brand McKenzie’s is keen to spur on the excitement.
Leanne Faulkner was riding a wave of success building a fast-growing start-up until the business slowed and the stress took its toll on her health. Now she’s helping others learn how to cope with the pressure.
What does it take to make it in online retail? The ability to put your head down, take risks and follow your vision, says THE ICONIC CFO Anna Lee.
Fashion and design identities share their business tips at the Virgin Australia Melbourne Fashion Week Business Seminar, supported by NAB.
Global e-commerce and multichannel retailing expert Martin Newman shares his tips on how to build a better e-commerce business.
Insights on how to use digital from fashion leaders at the Fashion Industry Forum, supported by NAB and part of the Virgin Australia Melbourne Fashion Festival.
When Rachel Muscat was talking to Pharrell Williams about collaborating on a new pair of Adidas sneakers, discussions were going well – until the singer dropped a bombshell.
With house prices rising, vacancy rates declining and a previous drop in building approvals, it’s likely that residential construction activity should begin to strengthen.
The ballet shoe has remained relatively unchanged for centuries – since it went from having a heel to being a flat. Enter former ballet dancer Tim Heathcote who is taking on the establishment to revolutionise its design once more.
Ethical fashion is the right thing to do and also makes good business sense, guests were told at a Fashion Festival forum on responsibility and transparency in fashion.
With Australia’s former mining boom on the decline, employees are looking elsewhere for opportunities.
Now is the time to consider what action to take.
Melanie Perkins, CEO of online graphic design platform Canva, discusses her journey from Australian start-up to global success story.
In February, the NAB Monthly Business Survey moderated from the surprising strength seen in January, but remained consistent with a relatively robust view of business activity and investment behaviour in the near-term.
Business View dips its lid to a family business celebrating its fiftieth anniversary.
Having his four daughters join the Perth funeral business he founded 26 years ago was initially something Steve Erceg resisted but today believes their involvement has been key in Seasons Funerals’ evolution and success.
Growth will remain solid across the large south-eastern states, while there are signs of stabilisation in mining states as the end of the downswing in resource-related investment approaches.
No room left at your local hairdresser? Men, it’s time to pamper yourself.
Within a decade, Alborz Fallah went from investing $35 in a domain name to selling his business for a reported $35 million. Here he shares some key lessons for other business owners.
Australia will rely on its schools to grow the next generation of innovators and entrepreneurs. But to what extent do they innovate themselves?
New data released by NAB today indicates that spending on consumption-based goods and services by NAB customers grew 3.1% over the year to Q4 2016.
If you want your marketing messages to have stronger impact and engagement, it might be time to consider gamification.
Business surveys and measures tracking the volume of activity suggest that the global economic upturn lifted a notch toward the end of last year and that trend seems to have continued into early 2017.
Low-tier SMEs’ business conditions now comparable to that of their mid-tier and high-tier counterparts
NAB Economics changes cash rate view to one 25bp cut in late 2017.
The strength witnessed in last month’s NAB Monthly Business Survey continued into January, with both business conditions and confidence jumping to much higher levels.
Digital economy opening new opportunities for successful careers.
In just two years, Jamie Davison and business partner Nathan Hood acquired six businesses. Here, Davison explains how they did it – and the rookie mistakes others might want to avoid.
Here are 11 tips for success in China which Mr Montgomery shared with the health and aged care business stream of the Australia Week in China conference in Beijing.
Business confidence has held up quite well and is remarkably steady given the context of major uncertainties both at home and abroad. That said, the level of confidence has not picked up to reflect the overall strength in business conditions seen over the past year or more.
How to make your social media presence work for you in 2017? Edible Blooms founder Kelly Jamieson shares seven ways to a better social media strategy.
In 2015, Ian Pratt led major changes to his family company, South Haven Group. He discusses its new branding, the decision to establish an independent board – and the all-importance of culture.
Does focusing on staff satisfaction and building a reputation as a great place to work translate into bottom line benefits for companies? Analytics company SAS believes the answer is yes.
How Peter Barile grew his business from a cafe to the creator of a premium coffee roasting company with its eyes on the global market
We estimate that Australian consumers have spent around $21.4 billion over the last 12 months to November 2016
It’s 26 years since Michelle Melbourne experienced a ‘sliding doors moment’ that set her on the path to founding Intelledox, now a global software firm.
The trade minister said it was a good time for Chinese businesses to take advantage of low prices in the resources sector to position themselves for the upswing in resources, oil and gas.
Our outlook for agricultural production is highly reliant on the climate outlook
After four years at the helm of a firm in turbo-growth phase, Podpac co-founder Toby Strong shares seven ways start-ups can manage rapid growth and live to tell the tale.
By 2050, demographers say close to 40 per cent of China's population will be above 60. But what is a worrisome burden for the Chinese government and families, is also an opportunity for Australian businesses.
While the 24-hour news cycle may talk down Australia’s transition from a commodity to service economy, the figures tell a different, and very positive, story.
Cindy Batchelor, Executive General Manager NAB Business presents the best ways to take your business online.
The progress of the season, which has been generally much wetter than average in eastern Australia but dryer in the west, continues to be the major consideration for Australian agriculture.
The NAB SME Survey is the leading business survey of small businesses in Australia, and complements the comprehensive Quarterly NAB Business Survey.
The quarterly iteration of the NAB Business Survey provides additional valuable insight into Australian business than the regular NAB Monthly Business Survey. This publication offers a more in-depth probe into the conditions facing Australian business.
We estimate that Australian consumers have spent around $20.6 billion over the last 12 months to August 2016.
Growing a sustainable export business requires vision, knowledge, planning – and funds. It’s a costly endeavour that demands exceptional management of your time and resources.
In this video, Group Chief Economist, Alan Oster discusses insights about what are businesses telling us about current conditions.
How one assesses Australia’s economic performance at present depends in large part on which industry / geography one looks at and whether the benchmark is in real or nominal terms.
Global growth still not lifting off.
The results from this month’s survey remain broadly consistent with our prior view of the economy and the near-term outlook. It points to a patchy, but sustained, improvement in the non-mining economy, with the major services sectors and construction leading the way.
The most market-sensitive events this week are an RBA speech Tuesday morning, the NAB Business Survey (also Tuesday) and the latest Labour Force statistics on Thursday.
Online sales down by 0.36% in July 2016
NAB’s Rural Commodities Index includes 28 commodities. The index is weighted annually according to the gross value of production of each industry in Australia.
Consumer anxiety has now fallen for each quarter over the past year, as Australians respond to sustained improvements in the labour market and recovery in the non-mining economy.
Our expectations for prices in the coming year are underpinned by our forecasts for a generally lower AUD, tracking in the high 60s range in late 2016 and 2017.
Hayden Cox heads up Haydenshapes, which shifts thousands of surfboards a year across 70 nations, while chasing the best waves around the world. He shares his tips for working remotely.
Jeremy Meltzer is the founder of i=Change, which gives participating online retailers an easy way to donate money from every sale. He came up with the idea of giving $1 from every sale to a development project while in New York promoting Yellingbo Gold.
This month’s NAB Business Survey remains true to theme of ongoing recovery in the non-mining economy, building on the already solid growth seen in the recent National Accounts.
John Mattone, leadership consultant and author of Intelligent Leadership, shares what he’s learned at the World Business Forum.
Three CEOs share their insights on the process and challenge of transformation.
Firms continue to see a favourable business environment, despite pairing back some of the strong gains seen last month.
NAB Business Survey suggests non-mining recovery is broadening, and bolstering confidence despite global uncertainties.
Improvement in business conditions adding to evidence of a buoyant non-mining recovery. Business confidence also resilient despite global uncertainty
Business confidence is sub-trend, but holding up reasonably well in the face of financial turmoil. Business conditions eased, but still consistent with non-mining recovery
Since early November, oil prices have resumed a clear downward trend, punctuated by episodes of sharp declines during early to mid- December and the first half of January.
Business confidence resilient to financial market turmoil (for now). Business conditions suggest non-mining recovery remains on track
The NAB Quarterly Australian Behaviour Survey (formerly NAB Consumer Anxiety Report) shows consumer anxiety falling again (and to its lowest level since Q4 2014), amid more signs of improvement in the labour market and non-mining segments of the economy.
Many Australians dream of a financial windfall that would significantly improve their lives forever, but how much is enough? In this special report, we ask over 2,000 Australians to tell us how much they need.
Business conditions remain encouragingly robust, maintaining the solid gains obtained over the past year despite less than impressive levels of business confidence.
Based on incoming information, we have modestly reviewed our GDP forecasts to 2.6% in 2015/16 and 3.0% in 2016/17 (annual average). Overall, NAB Economics remain of the view that the recovery in the non-mining sector is slowly becoming more well entrenched.
Leading indicators were generally more positive in Q3 2015. Forward orders jumped to their highest level since late 2009, while expectations for conditions in 3 and 12 months time both improved.
According to a recent report from Deloitte Access Economics, Digital Government Transformation, governments have already adopted a range of digital innovations and are gradually moving services online. However, they’re lagging behind both the private sector and their own customers.
Consumer anxiety rose despite falling concerns over government policy post the federal budget. More consumers are paying off debt and spending more on “essentials” however, fewer consumers cut back their spending on “non-essentials”.
Dr Ben Bernanke, former Chairman of the US Federal Reserve, discussed his experience of the global financial crisis (GFC), his views on global growth, the stability of the financial system and where critical economies like China are heading.
NAB Group Chief Economist, Alan Oster previews the Federal Budget 2015
Business confidence dropped back again in the first quarter of 2015, falling even further below the long run average level. This is consistent with a pull back in confidence in the February monthly survey, although this was completely unwound in March.
Business confidence eased back in Q4, dropping below the long run average level. Sentiment and business conditions are generally consistent with a ‘patchwork’ economy. Outside of construction and services, conditions remain soft in all other industries.
NAB has released its first annual pulse check on the big issues facing Australia today. Important concerns include cost of living, access to healthcare, employment, the economy and terrorism/security concerns, while indigenous issues, infrastructure and transport and taxation are lowest.
Business confidence was unchanged in Q3, remaining close to the long run average levels. However, our monthly survey shows that the momentum has turned, with confidence easing steadily over the quarter.
Business confidence again surprised on the upside, supported by better business conditions (largely reflecting sales and profits) and a surge in retailer confidence. Firms still unfazed about the Budget (for now). Conditions jumped to a four year high
Business confidence eased a touch, but remains at relatively resilient levels post-budget. Business conditions improved marginally as underperforming industries improve. Forward indicators point to further modest improvement over coming months.
National wellbeing deteriorates for the second straight quarter. The NAB Australian Wellbeing Index fell to 63.5 points in Q4 (64.4 points in Q3), with all four survey questions - satisfied life, worthwhile life, happy yesterday and not anxious yesterday - rated lower.
Conditions soften in October, suggesting growth in the economy is treading water. But, for the second month in a row, confidence has improved. Also tentative signs of Qld re-construction kicking in. Business conditions softened in October, partly unwinding an improvement in conditions in the previous month, with trend conditions suggestive of an economy that is […]
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