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AUSTRALIA DATA: NAB Business Survey Price Measures Ease Further

AUSTRALIA DATA
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NAB business confidence and conditions improved in September. Confidence was -1.9 up from -4.5, but it has been close to zero for around two years. Conditions have been slowing for around the same time but may have stabilised. They rose over 3 points to 6.9 in September, in line with the historical average. The good news was that price and cost components all eased.

  • The improvement in business conditions was driven by trading, profitability and employment, which appears to have also stabilised above zero.
  • The outlook remains soft with orders low at only -4.7 but Q3 improved to -4.6 from -7.1 in Q2. Inventories rose in September though which may reduce future purchasing. Exports also deteriorated last month.

Australia NAB business conditions vs orders

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NAB business confidence and conditions improved in September. Confidence was -1.9 up from -4.5, but it has been close to zero for around two years. Conditions have been slowing for around the same time but may have stabilised. They rose over 3 points to 6.9 in September, in line with the historical average. The good news was that price and cost components all eased.

  • The improvement in business conditions was driven by trading, profitability and employment, which appears to have also stabilised above zero.
  • The outlook remains soft with orders low at only -4.7 but Q3 improved to -4.6 from -7.1 in Q2. Inventories rose in September though which may reduce future purchasing. Exports also deteriorated last month.

Australia NAB business conditions vs orders

Keep reading...Show less