Monthly Index Indicating Business Confidence in Australia
Australia| Date | Value | ||
|---|---|---|---|
| Forecast | Actual | Deviation | |
| Date | Related Instruments Price Volatility | |||||
|---|---|---|---|---|---|---|
| 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | ||
The NAB Business Confidence Index is a crucial indicator for assessing business sentiment in Australia. This index is based on a monthly survey conducted by the National Australia Bank (NAB), which collects data on business activity, new orders, employment, price trends, and other factors. The survey covers a wide range of industries, including manufacturing, construction, wholesale, retail, and services.
The index measures business sentiment with a baseline of 0, where positive values indicate improving business conditions and negative values indicate deteriorating conditions. A high index value suggests that businesses feel the economic situation is improving, leading to potential increases in investment and hiring. Conversely, a low index value indicates that businesses feel the economic situation is worsening, which may result in cost-cutting measures and layoffs.
The NAB Business Confidence Index is widely used as a leading indicator of the Australian economy and serves as an important information source for policymakers and investors. Unexpected index values can significantly impact financial markets, highlighting its relevance and influence.
| Date | Value | Related Instruments Price Volatility | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Forecast | Actual | Deviation | 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | 60 min later | ||
