BUSINESS SURVEY

INSIGHTS, TRENDS AND CASE STUDIES

Both business confidence and conditions declined in the month, with both now at +1 index point – well below long-run averages.

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.

Despite an up-tick in confidence, conditions deteriorate.

Conditions ease further, while confidence increases.

Confidence kick short-lived, conditions remain below average.

Confidence saw a post-election spike in May but conditions decline further with the private sector continuing to lose momentum.

Surprise jump in conditions last month was unwound this month – with business conditions, confidence and forward orders now all below average.

Conditions ease further, confidence turns negative

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.

Conditions continue to ease and confidence turns negative

Conditions rise while confidence continues a below average run.

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.

Confidence and conditions continue to ease

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