ECONOMY

INSIGHTS, TRENDS AND CASE STUDIES

The bigger picture – A global and Australian economic perspective.

In USD terms, NAB’s Non-Rural Commodity Price Index is forecast to increase by 3.1% qoq in Q1 2019.

National dwelling values have returned to levels last seen in September 2016, and values have fallen over fourteen of the last sixteen months.

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.

The AUD/USD was conflicted in February, as improvements in risk sentiment and higher commodity prices pulled the currency higher, but a softer domestic economic outlook and a more dovish RBA acted as an offsetting force.

New NAB data reveals key factors for the wellbeing of small business owners.

Year of the Pig brings an uncertain outlook

The bigger picture – A global and Australian economic perspective.

Confidence and conditions continue to ease

In USD terms, NAB’s Non-Rural Commodity Price Index is forecast to increase by 2.7% this quarter – driven almost entirely by the upturn in iron ore prices.

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.

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