The RBA has downgraded its outlook for growth, although history shows that the Bank has regularly overstated growth since the global financial crisis.

The bigger picture – A global and Australian economic perspective.

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

Consumer anxiety reaches its highest level in over 3 years as slow income growth, high debt levels and weaker growth in household wealth weighed on households and their spending.

Conditions end the year on a concerning low.

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

Ivan Colhoun, NAB’s Chief Economist, Markets, talks through the findings in the latest NAB Business Survey.

Anxieties around future spending and savings plans, household finances, the economy, financial concerns and how these are impacting spending behaviours and levels of financial hardship.

The business conditions index decreased 2pts to +13 in 2018 Q3, but remains well above its long-run average. Business confidence also fell, declining 4pts to +3 index points, a little below its historical average.

Business conditions seem to have stabilised at high levels in recent months following some sharp falls earlier and the dip in confidence last month appears to have been temporary.

SEEK data for August showed that Job Ads fell again and the RLB Crane Index reported that residential high-rise surprisingly increased.

Articles posted by month