BUSINESS SURVEY

INSIGHTS, TRENDS AND CASE STUDIES

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

Business conditions saw a moderate rebound in January after falling sharply in December.

Business conditions continued to ease in Q4 and while they remain above average, forward looking indicators point to potential further weakness.

Conditions end the year on a concerning low.

The latest NAB business survey shows further weakness in business conditions.

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.

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