Towards the future of the Australian, Asian and global economies: latest updates on domestic, international and industrial trends from NAB Group Economics.
GDP rose by 0.2% q/q (1.0% y/y) marginally weaker than we expected (and in line with consensus).
Article
The NAB Commercial Property Index dipped sharply to a below average level in the June quarter as the economy tracked through a weak period of growth and business conditions waned. Sentiment weakened in all property market sectors - particularly retail property. Confidence also fell and was lower in all states bar WA with VIC the clear underperformer in all sectors - especially in office and retail markets.
Report
On a month-on-month, seasonally adjusted basis, the index contracted in July (-2.6%), following downwardly revised growth in June (2.5%, was 2.8%).
Report
Key points: NAB expects GDP growth will be +0.1% q/q in Q2 2024. This would represent another quarter of weak growth. Year ended growth would be 0.8% y/y which, outside of the 2020 COVID lockdowns, would be the weakest annual growth since the early 1990s. We expect another quarter of soft consumption growth, and further […]
Report
NAB’s Chief Economist casts his expert eye over the latest economic data and offers insights into what’s ahead for business. Watch now.
Video
Are SMEs planning to invest to grow their business and who do they turn to for advice?
Insight
Growth in the major advanced economies bounced back in Q2
Insight
Slow growth and further gradual progress on inflation
Insight
No signs of change in July as policy emphasises supply, domestic demand is subdued
Insight
After seeing upwards movement for several quarters the NAB Residential Property Index fell in Q2 2024
Insight
Alan Oster, NAB's Group Chief Economist, shares his insights on the economy
Webinar
Total spending was broadly unchanged in July
Insight
Conditions still soft but inflationary pressures easing
Insight
Labour market weakness points to a more aggressive Fed easing cycle
Insight
More of the same: Third Plenum shows little appetite for needed reform in China
Insight
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