INSIGHTS, TRENDS AND CASE STUDIES

Strong improvement in SME business conditions in Q4 2017, while confidence retreated a touch.

Elevated business conditions & confidence point to a robust business sector in Australia at present.

The quarterly NAB Business Survey gives a more in-depth probe into the conditions facing Australian business than the monthly survey, and also provides extra information about how firms perceive the outlook for their respective industries.

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.

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.

Confidence lifted to narrow the divide with business conditions, indicating a strong business sector in Australia at present.

The NAB Cashless Retail Sales Index shows a slowdown in December following a strong November.

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).

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

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

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

NAB Online Retail Sales Index (NORSI) rebounded in October(+1.5% mom s.a.) from a contraction in September (-0.5%).

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