PROFESSIONAL SERVICES

Industry research and insights

FEATURED CONTENT

How can law firms meet SME clients’ evolving needs?

NAB’s inaugural Legal Services Industry Survey offers key insights into what SMEs truly need and value.

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INDUSTRY surveys

Special survey on the second round impact of recent bushfires.

SME conditions and confidence edge lower.

The final monthly business survey of 2019 provides further evidence that activity stabilised in Q4.

INSIGHTS, TRENDS AND CASE STUDIES

Special survey on the second round impact of recent bushfires.

SME conditions and confidence edge lower.

The final monthly business survey of 2019 provides further evidence that activity stabilised in Q4.

What does next year hold for Australian business owners? Listen to our podcast for NAB Chief Economist Alan Oster’s 2020 vision on the challenges and opportunities ahead.

Business conditions tracked sideways in the month, and appear to have stabilised at low levels, after declining significantly between mid-2018 and 2019.

Conditions and confidence each saw a small improvement in the month with conditions edging up 1pt and confidence lifting 2pts – though both remain below average.

Business conditions rose 1pt in September to +2 index points. This continues the below average run of business conditions but suggests that the trend weakening since mid-2018 has slowed.

Both business confidence and conditions declined in the month, with both now at +1 index point – well below long-run averages.

NAB’s inaugural Legal Services Industry Survey offers key insights into what SMEs truly need and value.

We’re seeing below average confidence and conditions. The picture remains unchanged since last month – business sector has lost significant momentum since early 2018 and forward looking indicators don’t point to an improvement in the near term.

Despite an up-tick in confidence, conditions deteriorate.

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