Towards the future of the Australian, Asian and global economies: latest updates on domestic, international and industrial trends from NAB Group Economics.
The NAB Wellbeing Survey provides a key pulse check on the “vibe” of our nation. Wellbeing is back to equal survey lows due to higher anxiety and lower life satisfaction in some key areas.
Report
Consumer stress is rising again with Australians wary about the outlook for the year ahead. Household pressures are set to ease but until then the mantra for many consumers appears to be, “Show me the money”!
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Total spending went up 0.6% m/m. Overall, total consumer spending increased 1.9% in 3-month average terms and 6.5% over the past 12 months.
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We expect growth in the global economy to remain subdued out to 2026.
Insight
Easing inflation fears despite low unemployment
Insight
Economic planners flag more stimulus in the pipeline, but there may be a wait on the details
Insight
Total spending decreased 0.2% in November
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A weak read as we head into late 2024
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Cashflow still the biggest risk to business but concerns around profitability continue to rise.
Insight
In line with our expectations
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We expect NAB’s Non-rural Commodity Price Index to move slightly higher in Q4
Insight
Although it slowed in October, the index continued to grow
Insight
SMEs continue to be challenged on a number of fronts, but many are finding ways to achieve ‘more with less’.
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We have lifted our global growth forecasts for 2024 and 2025 from 3.1 to 3.2%
Insight
Back to the future for RBA policy outlook
Insight
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